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hi could you explain the andwers and how you got to those answers. i get how to do some of it. i get how to

hi could you explain the andwers and how you got to those answers. i get how to do some of it. i get how to gett current required ownership but i think i have a percentage instead of shares. so i am a little confused. image text in transcribed
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Shimano Partners ("Shimano") is interested in funding a \$15 million Series A round of financing in Loomis Adventures, Inc. ("Loomis"), a social media-based platform to allow experienced fishermen a platform to exchange ideas concerning trips, guides, equipment, etc. Loomis generates revenue through corporate advertising but also manages an exchange where fisherman can buy, sell, or trade equipment for a fee. Although Loomis has minimal revenues to date, it has exponential potential once the Company's technology is fully developed, and the market is developed. Loomis' financial projections are below (all numbers in millions). The Founders have not raised any capital prior to the Series A round of financing having bootstrapped the business to date and have issued founders stock to themselves and every employee of the business. The Series A round of financing of $15 million is sufficlent to complete the expansion of the website, and the initial marketing efforts of the Company. In one year's time, Loomis expects to complete a Series B round of financing of $40 million to continue to expand operations and the commercialization of the platform. The Series B investors are projected to require a 85% hurdle rate on the Series B investment. In two years' time, Loomis expects to complete a Series C round of financing of $85 million as growth capital necessary to bridge the Company's operations until an IPO is completed at the end of year five. The Series Cinvestors are projected to require a 65% hurdle rate on the Series C investment. Market comparable IPO transactions of adventure social media-based companies on average raised $500 million in IPOs at an average trailing revenue multiple of 18x. These metrics are considered to be normal and available to Loomis at the conclusion of year five. Assume there is no stock option plan, and no other options or warrants are outstanding. Shimano requires a 100% hurdle rate based on percelved risk. What Current Required Ownership should Shimano demand on its $10 million Series A investment oday? At the conclusion of the Series B financing, what percentage of Loomis do the founders and mployees' own? 0. At the conclusion of the IPO, what percentage of Loomis do the Series CInvestors own? 1. At the conclusion of the IPO, what would the Value be of the Series A shares and the MOIC

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