Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please do Question C Soggy Bottom. inc. has received a term sheet frorn WeBefunding Ventures for a 000.0m investment. use the following cap table and

Please do Question C
image text in transcribed

Soggy Bottom. inc. has received a term sheet frorn WeBefunding Ventures for a "000.0m investment. use the following cap table and facts to answer the questions below. 2. The pre.monev valuation is $8.000.000, Jolly Angels nvested 52,000.000 with conversion terms Of the lesser Of a. discount Off the qualified financing, and b, cap of The notes are interest free. Webefundjng term sheet requires establishment Of an option pool Of shares immediately prior to funding. Common Sbre Option Preferred Shares Olly Angels Conv Note elk': unding Ventures Price per bare Questions Ange Rou 9/1/2022- Shares .ooo.ooo 1,000.0 .ooo $1,000 $2,000 S S enturt Roun Shares SOO SO. 100. s.'.ooo.ooo so, 100. 100% 0.001 A, What is the implied price/shareofthe WeBeFunding Ventures round? What is the post-money valuation? C. What percentage ownership will the following parties have: a. Founders: Roxanne and Ben b, Joliv Angels c. WeBeFunding Ventures

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions