Question: Starware Software was founded last year to develop sofware for garning applications. The founder intially invested $900,000 and received 12 million shares of stock. Starware

 Starware Software was founded last year to develop sofware for garning

Starware Software was founded last year to develop sofware for garning applications. The founder intially invested $900,000 and received 12 million shares of stock. Starware now needs to raise a second round of capital, and it has identifed a venture capitalist who is interested in investing. This venture capitalist witl invest $1.60 million and wants to own 39% of the company after the investment is completed. a. How many shares must the venture capitalist receive to end up with 394 of the company? What is the implied price per share of this funding round? b. What will the value of the whole firm be afler this investment (the post-money valuafion)? a. How many shares must the venture capitalist receive to end up whe sos of the company? What is the impled price per share of this funding round? The venture capitaliat will receive milion shares. Round to three decimal places.)

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