Start up Total VC

# Shares 2,000,000 Value 1,316,872.43 1,000,000

Income 1,000,000 #Shares 8,311,688.31 6,311,688.31
Value 10,000,000 %ownership 100.00% 75.94%
PE 10 Price per share 0.16 0.16

Benchmark Value after 3 years 4,444,444.44

Value 20,000,000 Without additional investment
Income 2,000,000
P/E ratio 10 Total VC A
Value 6,400,000 4,860,000.00
VC A #shares 23,703,704 18,000,000
Investment 1,000,000 %ownership 100.00% 75.94%
Time 5 Price per share 0.27 0.27
r 50%
Lenovo: Lenovo:
increased 2.375x increased 3.86x
VC B
Investment 1,000,000
Time 2
r 25%
 Lenovo:
Founder Pre Money

316,872.43
2,000,000
24.06%
0.16 Lenovo:
Post Money

VC B Founder
1,000,000 540,000.00
3,703,703.70 2,000,000
15.63% 8.44%
0.27 0.27

Lenovo:
increased 0.7x