Simone Founded Her Company Using $150 000 of Her Own

question 70

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)10%
• B)30%
• C)40%
• D)20%

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Definitions:

Transposons

DNA sequences that can change their position within a genome, sometimes causing or reversing mutations and altering the cell's genetic identity.

Transcription

The process by which the genetic information in a strand of DNA is copied into a new molecule of messenger RNA (mRNA).

mRNA

Messenger RNA, a type of RNA that is transcribed from DNA and carries instructions for synthesizing proteins to the ribosomes.

Ribosome

Ribosomes are molecular machines within cells that synthesize proteins by translating messenger RNA into polypeptide chains, essential for all cellular functions.