Using the following information, please answer the questions about Sure lock Homes, a start-up company. In your
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In addition, the company wants to reserve 15 percent of the shares outstanding at time 6 for employee bonuses and options.
a. What percentage ownership at time 0 should round 1 investors demand for their $6 million investment?
b. If Sure lock presently has 1 million shares outstanding, how many shares should round 1 investors demand at time 0?
c. What is the implied price per share of Sure lock stock at time 0?
d. What is Sure lock€™s pre-money value at time 0? What is its post-money value?
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