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Consider a company founded with 1m shares of common equity, split amongst the founders. A year later the company raises $3M of Series A funding

Consider a company founded with 1m shares of common equity, split amongst the founders. A year later the company raises $3M of Series A funding at a $1M pre-money valuation. After the money has gone into the firm, they establish an option pool of 10% of post-money shares outstanding. How many shares are there on a fully diluted basis, including the options?

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