Financing will be done in 2 rounds where round 1 is for $1M and 2nd round of financing (needed for year 3 and year 4) is for $2M. Discount rates are 50% and 40%, in years 1 and 2 respectively but the discount rate drops to 20% for each of years 3 and 4 due to lower risk.

X means some calculation or a number needs to be filled in that cell. Absence of X means no calculation/number is expected. Submit the above the way they are presented here showing all the calculations in appropriate columns

Variation 1	Calculations for 1st	Calculations for 2nd	Calculations @exit	@ Exit	2nd round	1st round
Exit value				$20M
Compound discount rate	X	X			X	X
Investment amount					$2M	$1M
# existing shares prior to round		X			X	1,000,000
Post-Money	X	X			X	X
Pre-Money	X	X			X	X
Ownership Fraction of VC	X	X			X	X
Number of new shares	X	X			X	X
Price per share	X	X			X	X
Ownership % of founders	X		X	X		X
Wealth of founders	X	X	X	X	X	X
Ownership % 1st round VC	X	X	X	X		X
Wealth of 1st round VC		X	X	X	X	X
Ownership % 2nd round VC				X
Wealth of 2nd round VC			X	X	X