Data table

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$You and your best friend started a company $4$ years ago. You each contributed $$25,000$ and each received

$500,000$ Series A preferred shares in the company. Since then, you have had the following funding rounds:

Your company has been struggling to gain traction, and so Series $C$ was a "down round", where the price of the

shares was below the price of the previous round. Assume that all of the shares are preferred shares convertible

into one share of common stock.

a$.$ What percentage of the company do you and your friend still own in the company?

b$.$ What is the pre$-$ and post$-$money valuation of the company for the Series $C$ valuation round?

c$.$ You think that you will need $$10\mathrm{.}0$ million more in funding in the next funding round. If you and your friend want

your combined ownership to be at least $50\%$ of the company after the next financing round, what is the minimum

price you can sell shares for in the Series $D$ round?