Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question You are the founder of a start-up and currently own all 1,000 shares of your start- up. You've just raised $500,000 in Series A
Question You are the founder of a start-up and currently own all 1,000 shares of your start- up. You've just raised $500,000 in Series A financing with a pre-money valuation of $2,500,000. This funding also triggers a convertible note with the following terms: . Principal: $100,000 Interest Rate: 0% Discount: 20% Valuation Cap: $10,000,000 How many shares will the convertible note holders get after the conversion occurs
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