Answered

IDNLearn.com connects you with a community of knowledgeable individuals ready to help. Ask any question and get a thorough, accurate answer from our community of experienced professionals.

You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 3 million shares of stock. Since then, you have sold an additional 3 million shares of stock to angel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $6 million and would receive 3million newly issued shares in return. After the venture capitalist's investment, what percentage of the firm will you own

Sagot :

Tundexiidn

Answer:

33.33%

Explanation:

Own shares = $3,000,000

Angel shares = $3,000,000

Shares issued to venture capital = $3,000,000

Total shares = $9,000,000

% of the firm i will own = Own shares/Total shares

% of the firm i will own = $3,000,000/$9,000,000

% of the firm i will own = 0.333333333

% of the firm i will own = 33.33%

Answer:

28.57

Explanation:

Its right on the quiz

We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.