Question: Below is the tear-sheet and Venture Source information for an acquisition out of South Florida in 2000. Qtera was bought for $3 billion a mere

Below is the tear-sheet and Venture Source information for an acquisition out of South Florida in 2000. Qtera was bought for $3 billion a mere 14 months after the initial round of venture capital. If you assume that the venture capital investors in Round 1 & 2 bought standard preferred shares (you can figure the price based on the investment and the post-money valuation),

Round 1 - $6,000,000 investment $11, 000,000 post valuation

Round 2 - $25,100,000 investment $68,210,000 post valuation

Debt $9,600,000 with 10% simple interest

How much money did the founders take home? Assume 10% simple interest on any debt

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