False

QUESTION 8 The table indicates that the founders should not have sold 400 shares in the series D round for $249 a share. The funding round lowered the value of the series A investors. funding round e-seed Series A Series a Series C Series O Series E shares Total Outstandi sold to ng shares outside 1000 1400 1800 2200 2500 3000 3400 3800 investors 400 400 400 400 6 O True O False outside investment S480.oo $576.00 $691.20 5829.44 S99583 $1 ,433.27 $10,000.00 percent sold to outside investor 28.57% 22.22% 18 15.38% 13.33% 11.76% 10.53% 20.83% Founder Shares 1000 1000 1 ooo 1000 1000 1000 1000 1000 1000 Value of founder Share Sl.20 S I .44 Sl_73 $2.07 $2.49 $2,99 $368