The 400 shares sold to the series C investors represent 13.35% of the company's common shares. 1142 False

The 400 shares sold to the series C investors represent 13.35% of the company's common shares. 2 3 4 5 6 7 8 O funding round self pre-seed seed Series A Series B Series C Series D Series E IPO Total Outstandi ng shares 1 ooo 1400 1800 2200 2600 3000 3400 3800 4800 shares sold to outside investors 0 400 400 400 400 400 400 400 1000 outside investment $480.00 $576.00 $691.20 $829.44 $995.33 $1 , 194.39 $1 ,433.27 $10,000.00 percent sold to outside investor 0 28.57% 22.22% 18.18% 15.38% 13.33% 11 .76% 10.53% 20.83% Founder Shares 1 ooo 1 ooo 1 ooo 1 ooo 1 ooo 1 ooo 1 ooo 1 ooo 1 ooo Value of a founder Share $1 $1.20 $1.44 $1.73 $2.07 $2.49 $2.99 $3.58 $10 True