Your sister started her own company a number of years ago. Your sister owns 100%...
50.1K
Verified Solution
Link Copied!
Question
Finance
Your sister started her own company a number of years ago. Your sister owns 100% of the common shares of the company. Currently, there are 5,200,000 shares outstanding. Your sister wishes to raise $2,400,000 from investors. A venture capitalist has agreed to invest the $2,400,000 in exchange the venture capitalist will receive 1,000,000 new shares. What is the post-money valuation of the company?
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
Best
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.