1. The company raised a final round of funding of $350 million in early 2020, which resulted in a total valuation in early 2020 of $1.7 billion. Jeffrey Katzenberg owned 15% of the company prior to the $350 million final round of funding. He did not put additional money into the company as part of the final round of funding - the $350 million came from other investors. In June 2020 Quibi forecasted $300 million of annual revenue. At that time, Netflix had a company value of $135 billion on projected annual revenue of $32 billion; Disney had a company value of $236 billion on projected annual revenue of $84 billion; and Comcast had a company value of $248 billion on projected annual revenue of $121 billion.
   • What was Quibi's pre-money (before the $350 million of funding) valuation in early 2020?
   • What was Katzenberg's share of the company, in dollars, just before the final round of funding and after the final round of funding in early 2020?
   • What would you estimate the value of Quibi in June 2020? Why?