Dan invested $100,000 to start a company and received 1,000,000 shares of Series A common stock. Since
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Question:
Dan invested $100,000 to start a company and received 1,000,000 shares of Series A common stock. Since then, the company has been through three additional funding rounds of financing:
Round Price Per Share Number of Shares
Series B $0.75 500,000
Series C $1.25 300,000
Series D $3.50 200,000
Let X be the pre-money valuation for the Series D funding round, Y be the post-money valuation for the Series D funding round, and Z be the percentage of the firm that Dan owns after the last funding round.
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