Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Billy founded his firm, investing $143,086 of his own money; issuing himself 173 shares of stock. Angel investors bought an additional 139 shares. Currently, he
Billy founded his firm, investing $143,086 of his own money; issuing himself 173 shares of stock. Angel investors bought an additional 139 shares. Currently, he is selling another 106 shares to a VC for $112,842. What is the post-money valuation of the firm?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started