Question
You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 4.72 million shares.
You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 4.72 million shares. The VC offers $1.19 million for 830,000 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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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
