Question

POST SERIES A CAPTABLE EXERCISE Round Shareholder Medium Capital Num of Shares Share % Share Price Founder $4,800 4,800,000 Jill XX% sXXX common Jack Founder S3,200 3,200,000 common Blackbox SAFE Seed $2,500,000 SAFE 2,500,000 Seed Opaque Series A Blackbox prefered prefered prefered $1,000,000 Cormorant 4,000,000 2,000,000 2,000,000 Series A Provident Series A Stock Option Stock Option ESOP 2,000,000 Total Shares Outstanding 100.00% PRE-MONEY VALUATION $15,000,000 POST-MONEY VALUATION Multiple Post Series A Value MISC ex) 1000x S xo0ocx.xx SAFE; $2.5M @ 20% discount of Series A share price (converted to Seris A shares) SAFE: $2.5M @ $10M Valuation Cap (converted to Series A shares) Series A $1M New investor New investor Assuming it is fully vested and exercised TOTAL

Answer 1

SOLUTION:

Calculation of Series a share price

Particulars   Value
Pre - Money Valuation (A)   15000000
No. of shares (B)   10000000
Series A Share price (A/B)   1.5
Note : Series a share price is calculated by dividing the pre-money valuation from the No. of shares.

Calculation of Series a share price Particulars Value Pre - Money Valuation (A) 15000000 No. of shares (B) 10000000 Series A Share price (A/B) 1.5 Note: Series a share price is calculated by dividing the pre-money valuation from the No. of shares.