Calculate the per share price

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a) In the first stage of financing of Hotmail, the pioneer internet email service, the VC firm Draper Fisher, Jurvetson (DFJ) provided VC capital in of the first stage according to the following terms: $315,000 in return for 15.75% equity stake. Prior to the VC financing, the entrepreneur had 10,490,272 shares outstanding.

b) In the second round of VC financing, the entrepreneur is offered an additional $750,000 in return for 10.53% stake. Calculate the per share price under the terms of the second round.

Reference no: EM133062573

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