Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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. What is the post-money valuation? Express the terms of your answer completely and in strictly numerical terms. For example: If your answer is one million dollars, write: 1000000.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started