Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Flying Monkeys, your latest startup, has done well, and grown at an incredible rate. As the company has grown, you have taken on 2 rounds

image text in transcribed

Flying Monkeys, your latest startup, has done well, and grown at an incredible rate. As the company has grown, you have taken on 2 rounds of financing. Your first round was a Seed Round of $650k in exchange for 300,000 shares, equal to 22% of the company. The A Round was for $2.8 million, in exchange for 35.3% of the company. What price per share is the A Round? Please post your answer in dollars and cents, with no "$" dollar sign

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Economics And Personal Finance

Authors: Irvin Tucker, Joan Ryan

1st Edition

1133562108, 978-1133562108

More Books

Students also viewed these Finance questions