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A venture capital firm has agreed to make a $1.00 million investment in a startup that has achieved product-market fit. The pre-money valuation of the

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A venture capital firm has agreed to make a $1.00 million investment in a startup that has achieved product-market fit. The pre-money valuation of the startup has been negotiated to be $3.0 million. What percentage ownership will the venture capital firm be demanding in return for the investment? 15% 25% 33% 40%

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