Reference no: EM132439150

The Laurier Startup Fund invested $100,000 in a company. In exchange, the Fund received a convertible note and 1% of the equity post money. The convertible note had a 3% annual accrued interest rate and a conversion price that was set at a discount of 30% to the common share price of the next funding round. Four years later, the company's has its next equity funding round at which time the company's equity has a $5.0 million pre-money value. What is your estimate of the value of the Laurier Startup Fund investment at the time of the next funding round?