Question: Refer to the sample cap table given in Exhibit 5. Imagine a $6 million Series C round that occurs at a $30 million post-money valuation.

Refer to the sample cap table given in Exhibit 5. Imagine a $6 million Series C round that occurs at a $30 million post-money valuation. A new VC, VC3 invests this $6 million. Assume that only VC3 invests and that NONE of the existing investors purchase any shares. Which of the following is NOT true?

__a. VC3 owns 20% of the shares.

__b. The seed/angel investors own shares with an implied valuation of $3.9 million.

__c. VC2 owns 16% of the shares.

__d. VC1 owns shares with an implied valuation of $3.84 million.

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