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B. Suppose the founder wants to have a venture investor inject $12,000,000 in three rounds of $4,000,000 at time 0, 1 and 2 with time

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B. Suppose the founder wants to have a venture investor inject $12,000,000 in three rounds of $4,000,000 at time 0, 1 and 2 with time 5 exit value of $240,000,000. If the founder anticipates returns of 75%, 55% and 35% for round 1, 2 and 3, respectively, what percent of ownership is sold during the first round? During the second round? During the third round? What is the founders' year-five ownership percentage

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