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You have purchased 1 million shiros in a restaurant chain ventute. At this zero-stage investment, your company's assets are $130,000 plus the idea for your
You have purchased 1 million shiros in a restaurant chain ventute. At this zero-stage investment, your company's assets are $130,000 plus the idea for your new produch. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $0.55 each. a. How many shares will you need to sell to ralse the additional $704,000 ? Note: Enter your answer in whole numbers, not in millions. b. What fraction of the firm will you cwn after the VC investment? Notes Enter your answer as a percent rounded to 1 decimal place
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