13. Anderson started his own business in his parents garage. He threw in $5,000 of...
70.2K
Verified Solution
Link Copied!
Question
Accounting
13. Anderson started his own business in his parents garage. He threw in $5,000 of his own and was able to raise 3 rounds of financing afterwards: his parents, an angel investor, and a VC firm. Fill in the blank cells (marked by Roman letters) in the following table with the number you calculate in each round of financing. If you think there is not enough information to fill a specific cell, mark N/A in the cell. Show steps of calculation for each cell.
| Round | Investor | $invested | Total #shares | Firm value | Price per share | Andersons ownership |
| 1 | Anderson | $5,000 | 1,000 | (i) | (ii) | 100% |
| 2 | Parents | $2,500 | (iii) | (iv) | (v) | 80% |
| 3 | Angel | (vi) | 2,000 | (vii) | $30 | (viii) |
| 4 | VC | (ix) | (x) | $240,000 | (xi) | 25% |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.