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You founded your own firm four years ago. You initially contributed $200,000 of your own money and in return you received 2 million shares of
You founded your own firm four years ago. You initially contributed $200,000 of your own money and in return you received 2 million shares of stock. Since then, you have sold an additional 1 million shares of stock to angel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $6 million and would receive 3 million newly issued shares in return. The post-money valuation of your firm is closest to:
Select one:
A. $5.2 million
B. $5.0 million
C. $12.0 million
D. $12.5 million
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