Question
You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 4.93 million shares.
You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 4.93 million shares. The VC offers $1.17 million for 810,000 new shares.
a. What is the implied price pershare?
b. What is thepost-money valuation?
c. What fraction of the firm will you own after theinvestment?
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
