Matilda and Agatha agree to start the business and decide that they need $150,000 to start Kami
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Question:
Matilda and Agatha agree to start the business and decide that they need $150,000 to start Kami Crunch. With their savings combined they have $100,000 to invest in the business. Due to the $50,000 shortfall, Matilda and Agatha reach out to their close friends Harry and Zinnia and ask them to invest. Harry and Zinnia agree to invest and write them a cheque for $50,000.
Assuming each party is issued founders shares (e.g. each party is treated the same), and the company issues 100,000 class A shares, what would the starting capitalization (cap) table look like (6 marks)?
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