Question 3 (3 points) How Many InDice shares do you own now as a co-founder? 300,000 1,000,000 3,000,000 10,000,000 DEC 6 tvQuestion 2 (2 points) What is the most common type of business entity you should form? c-Corp in Delaware LLC in Michigan OS-Corp C-Corp in California DEC 6 dis tv MacBook C G Search or type URL +Question 4 (3 points) What's the current price of one share an InDice stock? $1.00 $0.10 $0.01 $0.001 DEC 6 tvQuestion 5 (4 points) You worked with your 2 co-founders and built the first version of the app, total cost building and publishing the app including all designs, and software development cost you $7000, you decided to sell it for just $4 per app download. You convinced your friends to pay, download, and play, they loved InDice and convinced their friends to play, you have many downloads in the first month. How many downloads do you need to "break-even" if you get paid $4 per app download? 1,750 Downloads 2,500 Downloads 3,500 Downloads 7,000 Downloads Thats impossible. DEC 6 dis tvQuestion 6 (4 points) It turns out we forgot something called "apple tax", which is something we'll have to pay the platforms (Apple's App store, Android Google Play store). They charge 30% of the app price. Accounting for the app store cut of 30%, how many downloads do you need to "break-even" if your game is priced at $4 per download. 1,750 Downloads 2,500 Downloads 3,5000 Downloads 7,000 Downloads DEC 6Question 1 (2 points) Let's build a business, in this scenario, let's pretend we build a puzzle-themed mobile game, let's call it InDice. You started the company with an angel investor and 2 other co-founders. 10 million total shares were issued when the company started: 1 million shares to the investor, the rest split evenly between each of the 3 co-founders (including yourself). The investor put in $10,000, effectively buying shares of the company. You and your two other co-founders will build the business with your time and skills. Your plan is that if things go well, you'll get more venture capitalists to invest in InDice, and you want to become the next Pokemon Go, Angry Bird, or even Roblox. How much did the investor value the company of InDice when it was founded? $1,000,000 $100,000 $10,000 $100,000,000Question 7 (2 points) InDice becomes a wild success, often ranked #1 on both Apple and Android platforms, you had to hire a lot of people and pay them (and yourselves) high salaries to keep up with the demand. After 2 years, you received an email from Zynga, they offered a "buyout", and promised to pay $1,000,000 for the entirety of InDice. Another investment firm, Sequoia, offered to invest $400,000 in InDice to fund future growth, in exchange they ask for 30% of InDice. If your goal is to maximize InDice's valuation, which offer do you choose? Zynga Sequoia DEC 6 at tv