QUESTION 1: Using traditional VC math, what was RCV's POST-money valuation of PP?

QUESTION 2: Using traditional VC math, what was RCV's PRE-money valuation of PP?

Pied Piper, Inc. (Post Series A Capitalization Table)
	Shares		%
Common Stock:
Founder: Richard	4,000,000		40%
Other Employees	1,000,000		10%
Series A Preferred Stock:
RC Ventures II, LP	5,000,000		50%
Total Capital Stock	10,000,000		100%

INSTRUCTIONS: Use the above capitalization table for Pied Piper, Inc., a Delaware corporation ("PP"), and assume that:

• The founder (Richard) purchased his shares of PP Common Stock about a year ago for $0.0001 per share (for a total of $400).
• The other employees (Dinesh, Gilfoyle, and Jared) purchased their shares of PP Common Stock several months ago for $0.04 per share (for a total of $40,000).
• RC Ventures II, LP, a venture capital fund managed by Laurie and Monica of Raviga Capital ("RCV"), just paid $2.00 for each share of its PP Series A Preferred Stock (for a total of $10,000,000).
• Immediately after the Series A financing, RCV has the right to convert each share of its PP Series A Preferred Stock into one share of PP Common Stock.
• The Series A Preferred Stock has "full ratchet"price-based anti-dilution protection.
• The Series A Preferred Stock has a ONE times liquidation preference right (i.e., LP = 1X) AND the Series A Preferred Stock is "full participating."
• The above capitalization table is accurate and complete (i.e., immediately after the Series A financing: (a) there are no other outstanding shares of PP stock or options to purchase PP stock; and (b) PP has no Option Pool, Stock Plan, Stock Option Plan, or the like).