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Starware Software was founded last year to develop software for gaming applications. The founder initially...

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Finance

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Starware Software was founded last year to develop software for gaming applications. The founder initially invested $700,000 and received 11 million shares of stock. Starware now needs to raise a second round of capital, and it has identified a venture capitalist who is interested in investing This venture capitalist wil invest S1 20 milion and wants o own 37% o he company after the investment is completed. a. How many shares must the venture capitalist receve to end up with 37% of the company? What is the implied price per share of this funding round? b. What will the value of the whole firm be after this investment (the post-money valuation)? a. How many shares must the venture capitalist receive to end up with 37% of the company? What is the implied price per share of this funding round? The venture capitalist wil receive | | mon shares (Round to three decimal places) The implied price per share is Sper share. (Round to the nearest cent.) b. What will the value of the whole firm be after this investment (the post-money valuation)? The value of the firm will be Smilion. (Round to three decimal places)

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