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XYZ a biotech company The founder believes they can setl the company for $40 million in five years The founder currently holds 1 million shares. The company needs S2 million in the first round and $3 million in second round three years later The discount rate for the first round is 40% and 30% for the second round V'Vhat ts the stock pnce the VC should pay in the first round? 0553 @ 302 0488