Three years ago, you founded your own company. You invested $118,000 of your own money and received 5.9 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing Round Price ($) Number of Shares Series B 0.55 1,050,000 Series C 4.00 600,000 Series D 7 50 550,000 Based on the information provided above (and that each share of all series of preferred stock is convertible into one share of common stock), what fractions of the firm do the Series B, C, and D investors each own in your firm? Series B investors own (Round to three decimal places.) Series C investors own (Round to three decimal places. Series D investors own (Round to three decimal places.)
Three years ago, you founded your own company. You invested $118,000 of your own money and received 5.9 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing Round Price ($) Number of Shares Series B 0.55 1,050,000 Series C 4.00 600,000 Series D 7 50 550,000 Based on the information provided above (and that each share of all series of preferred stock is convertible into one share of common stock), what fractions of the firm do the Series B, C, and D investors each own in your firm? Series B investors own (Round to three decimal places.) Series C investors own (Round to three decimal places. Series D investors own (Round to three decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Three years ago, you founded your own company. You invested $118,000 of your own money and received 5.9 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing.
Round
Price ($)
Number of Shares
Series B
0.55
1.050.000
Series C
4.00
600,000
Series D
7 50
550,000
Based on the information provided above (and that each share of all series of preferred stock is convertible into one share of common stock), what fractions of the firm do the Series B, C, and D investors each own in your firm?
Series B investors own
(Round to three decimal places.)
Series C investors own
(Round to three decimal places.)
Series D investors own
(Round to three decimal places)
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