Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ou founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 1 million shares of
ou founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 1 million shares of stock. Since then, you have sold an additional 3 million shares of stock to ngel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $6 million and would receive 3 million newly issued shares in return. uppose you sold the 3 million shares to the angel investor for $500,000. What was the post-money valuation of your shares immediately following the angel investor's investment? A. $0.300 million B. $0.400 million C. $500,000 D. $0.200 million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started