Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Bonus Question On Shark Tank, an entrepreneur (Brian) offers to sell 25% of his business for $250,000 to the sharks based on a pre-money valuation

image text in transcribed
Bonus Question On Shark Tank, an entrepreneur (Brian) offers to sell 25% of his business for $250,000 to the sharks based on a pre-money valuation basis. The sharks agree to pay $250,000 at Brian's valuation of his company, but they want the equity share percentage to be calculated on a post- money valuation basis. What percentage of the business will the sharks get if they invest $250,000 into Brian's business on a post-money valuation basis? (1 p.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started