Question
You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 5.22 million shares.
You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 5.22 million shares. The VC offers $1.06 million for 750,000 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?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
