Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Three years ago, you founded your own company. You invested $120,000 of your own money and received 6.0 million shares of Series A preferred stock.
Three years ago, you founded your own company. You invested $120,000 of your own money and received 6.0 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing. Series B Series C Series D Round Price ($) 0.55 3.00 3.00 Number of Shares 1,000,000 650,000 600,000 Assuming that you own only the Series A preferred stock (and that each share of all series of preferred stock is convertible into one share of common stock), what percentage of the firm do you own after the last funding round? After the last funding round, you will own %. (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