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A startup has 1,000 shares outstanding. A VC offers to invest $500,000 at a pre-money valuation of $800,000. What is the post-money valuation? Give your

A startup has 1,000 shares outstanding. A VC offers to invest $500,000 at a pre-money valuation of $800,000. What is the post-money valuation? Give your answer in millions of dollars (for example, if your answer is $2 million, write 2).

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