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Steve started his own business in his parents garage. He threw in $1,000 of his own and was able to raise 3 rounds of financing
Steve started his own business in his parents garage. He threw in $1,000 of his own and was able to raise 3 rounds of financing afterwards: his parents, and an angel investor. Fill in the blank cells (marked by Roman letters) in the following table with the number you calculate in each round of financing. Read the table carefully. Only numbers in the answers without unit or comma.
Round | Investor | $ New investment | Total # shares | $ Firm value | $ Price per share | New investor's ownership |
1 | Steve | 1,000 | 1 | 100% | ||
2 | Parents | 5,000 | 2,000 | |||
3 | Angel | 50 | 20% |
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