Suppose Tommy is able to negotiate a $1,000,000 investment in the company FoodNow on a $4,000,000 pre-money valuation for FoodNow. FoodNow creates a 10% option pool for its employees alongside the investment. If there are 2,000,000 outstanding shares amongst the founders and earlier investors, the number of shares for the option pool is 285,714.

Then, what is the price per share for the shares issued to Tommy?

Answer rating: 100% (QA)

So the price ... View the full answer