Problem:
You founded your firm with a contribution of $500000, receiving 500000 shares of stock. Since then, you sold 50000 stocks to Angel Investors. Now you are considering raising more capital from a Venture Capitalist. They will invest 15M and would receive 1000000 newly issued shares.
Required:
Question 1: What is the value of your shares? Please provide step by step solution.
$15,000,000
$23,250,000
$9,500,000
$7,500,000