Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Three years ago, you founded your own company. You invested $114,000 of your own money and received 5.7 million shares of Series A preferred stock.
Three years ago, you founded your own company. You invested $114,000 of your own money and received 5.7 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing.
Round | Price ($) | Number of Shares |
Series B | 0.60 | 1,050,000 |
Series C | 2.00 | 650,000 |
Series D | 3.00 | 600,000 |
a. What is the pre-money valuation for the Series D funding round? $_____? million (round to one decimal place)
b. What is the post-money valuation for the Series D funding round? $______? million (round to one decimal place)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started