8. Wakeem funded a software company he started by contributing nothing more than the software code...
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8. Wakeem funded a software company he started by contributing nothing more than the software code he wrote in college. Wakeem formed an LLC and through VC financing in exchange for 25% of the firm's equity. raised $1 million Wakeem is now considering raising more capital from the same VC firm. This VC would invest another $10 million to maintain the same fractional ownership. A) What is the post-money valuation of the firm? B) What is the value of Wakeem's shares? SHE 8. Wakeem funded a software company he started by contributing nothing more than the software code he wrote in college. Wakeem formed an LLC and through VC financing in exchange for 25% of the firm's equity. raised $1 million Wakeem is now considering raising more capital from the same VC firm. This VC would invest another $10 million to maintain the same fractional ownership. A) What is the post-money valuation of the firm? B) What is the value of Wakeem's shares? SHE
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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