Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three yearsago, you founded your own company. You invested $110,000 of your own money and received 5.5 million shares of Series A preferred stock. Your

Three yearsago, you founded your own company. You invested $110,000 of your own money and received 5.5 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 $ 0.80 1,100,000 Series C 2.00 650,000 Series D 7.00 700,000 a. What is thepre-money valuation for the Series D fundinground? b. What is thepost-money valuation for the Series D fundinground? c. 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 commonstock), what percentage of the firm do you own after the last fundinground? 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

8th Edition

1119791057, 978-1119791058

More Books

Students also viewed these Accounting questions

Question

Sketch the graph of f'(x). + f(x) + x 1 2 3 4

Answered: 1 week ago

Question

Self-confidence

Answered: 1 week ago

Question

The number of people commenting on the statement

Answered: 1 week ago