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

question 65

Multiple Choice

Simone founded her company using $150,000 of her own money, issuing herself 300,000 shares. An angel 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 percentage of the firm does Simone now own?

• A) 20%
• B) 40%
• C) 30%
• D) 10%