Mr. Smith has some technology and an idea and he attracts an investor. They agree on three points: they will incorporate the venture, the value of the venture is $1 million, and the investor will put in $300,000. What will the ownership percentage be if the $1 million agreed upon represents (i) pre- money valuation; (ii) post-money valuation. Fill in the following table and show your calculations. $1m pre-money valuation $1m post-money valuation Value Value Entrepreneur Investor Total