Business, 15.04.2020 22:30 superstarsara5ouh83x
Benchmark Capital proposes to invest $20 million in RL Industries for 8 million shares of Series A Preferred Stock. The founders, Ralph Lauren and his wife, Laura Lauren are currently the only shareholders. Ralph and Lauren each own 5 million shares of RL common stock. Benchmark insists that the company issue an Employee Option Pool equivalent to 15% ownership, post-money. (a) What is the post-money valuation
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