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VCA is considering a $6M Series A investment for 6M shares of CP at $1 per share. The proposed capitalization table for the portfolio company,

VCA is considering a $6M Series A investment for 6M shares of CP at $1 per share. The proposed capitalization table for the portfolio company, Newco, is as follows:

Pre Series A Post-Series A
Security # Shares % # Shares %
Common-Founders 15,000,000 83.3% 15,000,000 62.5%
Common-Employee Stock Pool 3,000,000 16.7% 3,000,000 12.5%
Issued 600,000 3.3% 600,000 2.5%
Unissued 2,400,000 13.3% 2,400,000 10.0%
Series A Preferred 0 0.0% 6,000,000 25.0%
Total 18,000,000 100.0% 24,000,000 100.0%

1). What are the OPP and APP for the Series A? 2). What is the fully diluted share count? 3). What is the proposed ownership percentage? 4). What is the post-money valuation? 5). What is the pre-money valuation?

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