Jeremy Founded a Company

question 81

Multiple Choice

Jeremy founded a company. He issues 100,000 shares of series A stock for his own $100,000 investment. He then goes through three further rounds of investment, as shown below: Round Price Number of Shares
Series B $1.00 500,000
Series C $1.50 300,000
Series D $1.75 500,000
What is the post-money valuation for the series D funding round?

• A)$1.23 million
• B)$1.72 million
• C)$2.21 million
• D)$2.45 million

---

Definitions:

Commercial Icemakers

Machines designed for industrial or commercial use that produce large quantities of ice cubes or flakes for various business needs, such as in restaurants, bars, and healthcare facilities.