Question
You founded your own company two years ago. Initially you contributed RM200,000 of your own money and in return received 3 million shares of stock.
You founded your own company two years ago. Initially you contributed RM200,000 of your own money and in return received 3 million shares of stock. Since then, you have sold an additional 1,000,000 shares to angel investors. Now you are considering raising even more capital from a venture capitalist (VC). This VC would invest RM12 million and would receive 6 million newly issued shares.
i. Calculate the post money valuation.
ii. Find the percentage of the firm that VC end up owning.
iii. Calculate the percentage of the firm you owned.
iv. Find the value of your share.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
