Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mike's identity platform goes viral with customer acquisition growing at 40% per month for the past 12 months. Many investors are interested in investing in

Mike's identity platform goes viral with customer acquisition growing at 40% per month for the past 12 months. Many investors are interested in investing in the A round. Mike wants to raise $10,000,000 for 25% of the company. 


How much of the company would Mike own after this deal, assuming no option pool. Remember that Mike sold 20% in the seed round and he was the only investor prior to that round.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To calculate how much of the company Mike would own after the A round we can fi... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Gail Fayerman

1st Canadian Edition

9781118774113, 1118774116, 111803791X, 978-1118037911

More Books

Students also viewed these Finance questions