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Simone Founded Her Company Using $150,000 of Her Own Money,issuing

Question 2

Multiple Choice

Simone founded her company using $150,000 of her own money,issuing herself 300,000 shares of stock.An angel investor bought an additional 200,000 shares for $100,000.She now sells another 500,000 shares of stock to a venture capitalist for $2 million.What percentage of the firm does Simone now own?


A) 10%
B) 20%
C) 30%
D) 40%

Correct Answer:

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