Simone founded her company using $150,000 of her own money, issuing herself 300,000 shares of stock. An angel investor bought an additional 200,000 shares for $100,000. She now sells another 500,000 shares of stock to a venture capitalist for $3 million. What is the post-money valuation of the company?
Post-money Valuation= Implied Price per Share x New Total Number of Shares
VC 3,000,000/500,000= 6
6 x 1,000,000= 6,000,000