Question: Problem 1 5 - 1 Venture Capital ( LO 1 ) You have purchased 1 million shares in a restaurant chain venture. At this zero

Problem 15-1 Venture Capital (LO1) You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your company's assets are $140,000 plus the idea for your new productSuppose the first milestone for your restaurant chain is demonstrated profitability at the first two outletsYou budget an additional $1,610,000 investment to get to this milestone Suppose that when you first approach your friendly VChe decides that your shares are worth only $1.15 each.

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