Table: Detail about Airbnb rounds of funding through Series D. Up Rounds Date Jan. 2009 Apr. 2009 Nov. 2010 Jul. 2011 Oct. 2012 Apr. 2014 Round Seed Seed Series A Series B Series C Series D Amount $20K $600K $7.2M $112M $200M $475M Pre-Money ~$300K $1.5M $100M $1.2B $2.3B $9.5B 0.32 > 1.5 = 5X 2.1 100 = 50X 107 1.2B = 11X 1.3B 2.3B = 2X 2.5B 9.5B = 4X = = Go back to the table on VCS p. 263 showing AirBnB's funding rounds from 2009-2014. o Calculate the percent equity dilution that occurred during each round. o Then calculate the TOTAL percent equity dilution of the founders over the course of all six rounds. Assuming the founders owned 100% of the company before the January 2009 investment round (which I believe was made by YCombinator, by the way), what percentage did the founders still own after the Series D round? o Calculate the percent ownership of the company that the first seed investors bought for $20,000 back in 2009. Then, figuring in dilution, calculate what percent they still owned after the Series D round. Finally, calculate how much their initial investment of $20,000 was worth after the Series D round. o keep this info handy for the Assessment