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You founded your firm with a contribution of $150000, receiving 2000000 shares of stock. Since then, you sold 2000000 stocks to Angel Investors. Now you
You founded your firm with a contribution of $150000, receiving 2000000 shares of stock. Since then, you sold 2000000 stocks to Angel Investors. Now you are considering raising more capital from a Venture Capitalist. They will invest $20000000 and would receive 4000000 newly issued shares. If this is the VC's first investment in the company, what percentage of the firm will they end up owning? Note: Express your answers in strictly numerical terms. For example, if the answer is 5 percent, enter 0.05 as an answer.
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