You founded your own firm two years ago. You initially contributed $100,000 of your money and in return received 1,500,000 shares of stock. Since then, you have sold an additional 500,000 shares to angel investors. You are now considering raising even more capital from a venture capitalist. The venture capitalist has agreed to invest $6 million with a post-money valuation of $10 million for the firm.

a) what is the value of your shares in the firm?

b) what percentage of the firm will you own?