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Years ago, you founded a business with $750,000 and received 1 million shares of stock. Since then, you have sold an additional 2 million shares
Years ago, you founded a business with $750,000 and received 1 million shares of stock. Since then, you have sold an additional 2 million shares to new investors. Currently, a venture capitalist is offering to invest $1.5 million in a funding round, paying $1.50 per share. What is your post-money ownership in the business? You must show your workings clearly to get credit.
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