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In the first stage of financing of Hotmail, the pioneer internet email service, the VC firm Draper Fisher, Jurvetson (DFJ) provided VC capital in the
In the first stage of financing of Hotmail, the pioneer internet email service, the VC firm Draper Fisher, Jurvetson (DFJ) provided VC capital in the first stage according to the following terms: $315,000 in return for 15.75% equity stake. Prior to the VC financing (zero stage), the entrepreneur had 10,490,272 shares outstanding.
What is the post-money firm valuation and what is the implied share price and what is the value of the entrepreneurs stake?
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