Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have started a company and are in luck - a venture capitalist has offered to invest. You own 1 0 0 % of the
You have started a company and are in luck a venture capitalist has offered to invest. You own of the company with million shares. The VC offers $ million for niev
shares.
a What is the implied price per share?
b What is the postmoney valuation?
c What fraction of the firm will you own after the investment?
a What is the implied price per share?
The implied price per share will be $ per share. Round to the nearest cent.
b What is the postmoney valuation?
The postmoney valuation will be $dots million. Round to two decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started