Two entrepreneurs launch their startup with 20,000 euros each, and they constitute their company with 1/sh share nominal value. Over time, they complete the following rounds of investment:

6 months after the foundation, they get 50,000 from an accelerator program for 9% of the company.

1 year later they raise 400,000 from a business angels syndicate for 25% of the company.

Tasks:

Construct the capitalization tables at foundation and after each round of investment

Construct the capital section of the balance sheet at each of the same stages

Calculate the post-money and pre-money valuations at each stage

Calculate the price per share and the value multiplier for founders and investors at each stage

Deliverable: Excel file with tables and calculations keeping all the functioning formulas. Use the tables and examples seen in class as reference of table construction.