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You have purchased 1 million shares in a restaurant chain venture. At this zero - stage investment, your company s assets are $ 1 0
You have purchased million shares in a restaurant chain venture. At this zerostage investment, your companys assets are $ plus the idea for your new product.
Suppose that when you first approach your friendly VC he decides that your shares are worth only $ each.
How many shares will you need to sell to raise the additional $
Note: Enter your answer in whole numbers, not in millions.
What fraction of the firm will you own after the VC investment?
Note: Enter your answer as a percent rounded to decimal place.
the answer u gave was wrong!! pls help
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