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 100% of the company with 5.02 million shares.
You have started a company and are in luck-a venture capitalist has offered to invest. You own 100% of the company with 5.02 million shares. The VC offers $1.19 million for 830,000 new shares. a. What is the implied price per share? b. What is the post-money 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 $1 per share. (Round to the nearest cent.) b. What is the post-money valuation? The post-money valuation will be $ million. (Round to two decimal places.) c. What fraction of the firm will you own after the investment? Your fractional ownership will be %. (Round to one decimal place.)
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