The founders of DubiousLedger expect to be able to sell the company for $100 million in 10 years. The founders currently have 1 million shares and they want to keep 34% of ownership of the company till the exit. Venture funds have a target annual compound rate of return of 40% on venture investments like DubiousLedger.

1. Is it feasible for DubiousLedger to raise $4 million from venture funds in one round today, such that the founders keep at least 34% of ownership at the time of exit? What is the maximum amount DubiousLedger can raise today so that the founders keep exactly 34% of ownership?

2. Suppose DubiousLedger decides to raise money in two rounds. DubiousLedger thinks that it will raise $3 million from venture funds 4 years from now. In this case, what is the maximum amount of money DubiousLedger can raise from venture funds now, still assuming that the founders want to keep 34% of ownership at the time of exit?