Simone founded her company using $200,000 of her own money, issuing herself 300,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000. She now sells another 400,000 shares of stock to a venture capitalist for $2 million. What percentage of the firm does Simone now own?

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C) 11ea84dc_f51b_c286_9a63_afdf07fae57b_TB1316_00_TB1316_00 Simone's ownership = 300,000 shares / 800,000 shares = 38%

Simone Founded Her Company Using $200,000 of Her Own Money