Formulation

Columns: Investment sum, Nominal Capital, Agio, Shares %

Nominal capital correspond directly with the percent of shares. Each share is equal in price.

1. Write “Founders” down and calculate the price per share
2. Give investors and HTGF the desired percent of company (Share 1% price * desired %), but round the nominal capital to 50’s (25+ round up, 24- down).
3. Rest of investments lands in agio
4. No evaluation on this stage

Solution

HTGF Conversion (CON)

Calculate current part of HTGF: Initial HTGF Shares % * Firma evaluation

Find the compensation from: $\dfrac{15\% * 8M + CON}{8M + 1.7M + CON} = 15\%$

Post Money Evaluation

Post Money Evaluation = Pre Money Evaluation + New Investments