You are an entrepreneur on Shark Tank. Kevin OLeary, a venture capitalist shark, tells you...

80.2K

Verified Solution

Question

Accounting

You are an entrepreneur on Shark Tank. Kevin OLeary, a venture capitalist shark, tells you that he values your company at $937,500 dollars. He is willing to give you $225,000 for an equity share of the company. What percent of the equity in the company is he offering to purchase? A. 24% B. 23% C. 28% D. 22.5%

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students