Magic So)ware, LLC raised $150,000 from family and friends in 2013. In exchange, family & friends received

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Magic So)ware, LLC raised $150,000 from family and friends in 2013. In exchange, family & friends received a converCble note with a 15% discount. In 2015, Magic So)ware raised $400,000 from a group of Angels. They also received a converCble note with a 20% discount.

In 2016, Magic raised $3MM from Top Hat Ventures. The round was priced at $6MM Pre-Money ValuaCon.

The founders own 10,000,000 shares.

How much equity will F&F, Angel, and Top Hat will receive in the company?

Please have the process.

Posted Date: Jun 05, 2024 11:05 PM

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Magic So)ware, LLC raised $150,000 from family and friends in 2013. In exchange, family & friends received

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