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

question 57

Multiple Choice

Simone founded her company using $150,000 of her own money, issuing herself 300,000 shares. Anangel investor bought an additional 200,000 shares for $100,000. She now sells another 500,000 shares to a venture capitalist for $2 million. What is the post-money valuation of the company?

• A) $2,000,000
• B) $4,000,000
• C) $2,250,000
• D) $6,000,000

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Definitions:

Nile's Source

The origin of the Nile River, historically a subject of exploration and debate, now identified with two primary tributaries: the Blue Nile (originating in Lake Tana, Ethiopia) and the White Nile (originating in Lake Victoria, across Uganda, Tanzania, and Rwanda).

Christianized

Converted or adopted to Christianity or its values.

Velázquez

Diego Velázquez was a leading artist of the Spanish Golden Age, known for his masterful use of realism and complex compositions.

Chamberlain

A senior official who manages the household of a monarch or noble, historically responsible for the private chambers and overseeing domestic affairs.