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A company is trying to choose venture capital. Here is the proposed term sheet. Top Gun Ventures: Pre-money: $5million Post-money: $9million Option Pool: 25% post-closing

A company is trying to choose venture capital. Here is the proposed term sheet. Top Gun Ventures: Pre-money: $5million Post-money: $9million Option Pool: 25% post-closing Red Baron Ventures: Pre-money: $6m Post-money: $12m Option Pool: 15% post-closing How do we find the ownership retained by these owners? How do we calculate this? The answer is: Top Gun: %26.48 Red Baron: %31.7.

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