An entrepreneur founded his company using $200,000 of his own money, issuing himself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000
The entrepreneur now sells another 400,000 shares of stock to a venture capitalist for$2 million. What is the post-money valuation of the company?
A) $1,750,000
B) $1,925,000
C) $3,500,000
D) $4,025,000
Answer: C
Business
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