Two years ago, Antoine founded his own company. He invested $ 50,000 and received 1 million shares in exchange. Last year, it carried out a capital increase (750,000 new shares issued) subscribed by a business angel. Antoine is now considering raising even more capital from a venture capital fund. This the latter is prepared to invest $ 2 million in exchange for 2 million newly issued shares.

Question 1. What is the value of the company after this capital increase? In other words, calculate the post-money valuation.

Question 2. What percentage will the venture capital fund hold in the business?

Question 3. What percentage of the business will Antoine own?

Question 4. What is the value of Antoine's shares?