00:01
So here in this question, firstly, new shares for round 1 vc, new shares for round 1, round 1 vc, is round 1 vc ownership percentage into pre round 1 shares outstanding upon 1 minus round 1 bc ownership, that is 20 .6 % into 20 .6 % into 1 million upon 1 minus 0 .20 .6 percent or 0 .26.
00:46
Here, the new shares for round 1 we see from here comes out to be 259 ,447 shares.
00:56
Then we calculate the number of shares outstanding before round 2 to find the number of shares outstanding before round 2.
01:02
So, number of share, number of share before round two, before round two, before round two is 1 million plus 259 ,447, that is 1 ,259 ,447 shares.
01:29
Then we calculate the number of new shares for round 2 we see similar to step 1 so new shares new share for round 2 for round 2 and that is 4 .5 % into 1 259 447 upon 1 minus 4 point five percent and this comes out to be 59 ,342 .2 dollars...