Simone Founded Her Company Using $200,000 of Her Own Money

question 19

Multiple Choice

Simone founded her company using $200,000 of her own money, issuing herself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000. She now sells another 500,000 shares of stock to a venture capitalist for $1.5 million. What is the post-money valuation of the company?

• A) $1,200,000
• B) $1,320,000
• C) $2,400,000
• D) $3,600,000

---

Definitions:

Constitution of Texas

The legal document that outlines the structure, functions, and principles of the government of the state of Texas in the United States.

Rights to People of Color

The entitlements and freedoms systematically granted to individuals in various societies, specifically relating to non-white populations, aiming at equality and non-discrimination.

Importation of Slaves

The historical forced transportation of African peoples to the Americas to be sold and used as slaves, a central element of the Atlantic slave trade.

California Gold Rush

A period of rapid migration to California following the discovery of gold in 1848, significantly impacting the state's demographics and economy.