Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You founded a company 3 years ago. You put in $238 to fund the operations in the beginning and issued 238 shares to yourself. Your
You founded a company 3 years ago. You put in $238 to fund the operations in the beginning and issued 238 shares to yourself. Your parents bought 172 shares in the company for $315 later.
You are now negotiating with a VC that wants to invest $1,380 in exchange for 459 shares in your company.
If you decide to accept the VC's offer, what is the post-money valuation of the company?
Step by Step Solution
★★★★★
3.45 Rating (164 Votes )
There are 3 Steps involved in it
Step: 1
Per share value issued by VC 1380459 30065 So Post money valuat...
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