TRUE OR FALSE

The 400 shares sold to the series C investors represent between 13.2% and 13.36% of the companys common shares.

The 400 shares sold to the series C investors represent between 13.2% and 13.36% of the company's common shares. \begin{tabular}{|l|l|l|l|l|l|l|l|} \hline & funding round & Total Outstandi ng shares & shares sold to outside investors & outside investment & percent sold to outside investor & Founder Shares & Value of a founder Share \\ \hline 0 & self & 1000 & 0 & 0 & 0 & 1000 & $1 \\ \hline 1 & pre-seed & 1400 & 400 & $480.00 & 28.57% & 1000 & $1.20 \\ \hline 2 & seed & 1800 & 400 & $576.00 & 22.22% & 1000 & $1.44 \\ \hline 3 & Series A & 2200 & 400 & $691.20 & 18.18% & 1000 & $1.73 \\ \hline 4 & Series B & 2600 & 400 & $829.44 & 15.38% & 1000 & $2.07 \\ \hline 5 & Series C & 3000 & 400 & $995.33 & 13.33% & 1000 & $2.49 \\ \hline 6 & Series D & 3400 & 400 & $1,194.39 & 11.76% & 1000 & $2.99 \\ \hline 7 & Series E & 3800 & 400 & $1,433.27 & 10.53% & 1000 & $3.58 \\ \hline 8 & IPO & 4800 & 1000 & $10,000.00 & 20.83% & 1000 & $10 \\ \hline \end{tabular}