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If in the 3rd round of venture capital, the amount invested was $5M for a 10% interest in Spinnaker, the resultant Post-money value would be
If in the 3rd round of venture capital, the amount invested was $5M for a 10% interest in Spinnaker, the resultant Post-money value would be $50M: 5,000,000/.10 = 50,000,000. Based on this post money valuation and amount invested, what is the pre-money valuation?
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