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 4.94 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 4.94 million shares. The VC offers $1.11 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 bes 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