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Question - Sot has two other partners who with her invested $100,000 in the venture based on P1-25%, P2-35%, P3-40% contribution. They agree to maintain this amount throughout the partnership.
i) How much has each partner invested?
ii) When the firm grew faster than expected family and friends invested another $300,000 based on the firm's revised $800,000 valuation. What percentage do each of the partners now own
iii) Success continues and the partners decide that they need to invest in a new app. The partners agree to provide an Angel investor with 20% of the firm based on a $2 million valuation. The next day a venture capitalist (VC) makes a cash offer to buy the entire firm from all the partners. How much cash would each of the investors receive for their shares if they accepted the offer.
What result if Alfred is Billy's son on Xinity and Alfred
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