Question
Simone Simon Inc. was founded on March 1, 2019 by founder BobbieRoberts, using $200,000 of their own money, issuing themselves200,000 shares of stock. An angel
Simone Simon Inc. was founded on March 1, 2019 by founder BobbieRoberts, using $200,000 of their own money, issuing themselves200,000 shares of stock. An angel investor, Ira Cohen, bought anadditional 100,000 shares for $150,000 on December 3, 2019. BedrockVentures, a venture capital firm, purchased an additional500,000shares of stock in the company for $1.50 million on April10, 2021. After this round of funding, there were 800,000 sharesoutstanding.
a. What was the pre-money and post-money valuation of thecompany on December 3, 2019?
b. What was the pre-money and post-money valuation of thecompany on April 10, 2021?
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