Question
You have started a company and are in lucka venture capitalist has offered to invest. You own 100% of the company with 5.04 million shares.
You have started a company and are in
lucka
venture capitalist has offered to invest. You own
100%
of the company with
5.04
million shares. The VC offers
$1.15
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?
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
