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Return to question You have purchased 1 million shares in a restaurant chain venture. At this zero - stage investment, your company's assets are $
Return to question
You have purchased million shares in a restaurant chain venture. At this zerostage investment, your company's assets are $ plus the idea for your new product.
Suppose that when you first approach your friendly VC he decides that your shares are worth only $ each. points
a How many shares will you need to sell to raise the additional $
Note: Enter your answer in whole numbers, not in millions.
b What fraction of the firm will you own after the VC investment?
Note: Enter your answer as a percent rounded to decimal place.
Answer is complete but not entirely correct.
tablea Shares,
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