Question
High Tech Ventures (HTV) currently has 250,000 shares outstanding that are all owned by the founder. You are a venture capitalist considering a $1.80 million
High Tech Ventures (HTV) currently has 250,000 shares outstanding that are all owned by the founder. You are a venture capitalist considering a $1.80 million investment in HTV in return for 40% equity stake. How many new shares would need to be issued?
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
