3. Currently, the two cofounders of AirDnD, a dinner-and-dancing social app comp

Question

3. Currently, the two cofounders of AirDnD, a dinner-and-dancing social app company, own 00,000 shares of company stock each. They estimate that the company is currently worth $20 million. They decide to raise $10 million in venture capital. Using their valuation, how many shares will they need to issue for the $10 million investment? a. b. What percentage of the company will the cofounders own after the invetment? 4. From the web, identify examples of the following types of crowdfunding sites: a. Debt/lending sites b. Rewards-based sites c. Equity crowdfunding sites Choose one crowdfunding site that looks interesting to you. Identify an interesting project on the site, and create an outline of the elements of their crowdfunding campaign. Be prepared to report out about your project at the next class meeting. You may work in small groups of 2-3 on this. 5.

Explanation / Answer

Answer(4) a- Debt Crowfunding sites-

b- Rewards based sites-

Kickstarter

c- Equity Crowdfunding sites-

Answer(5)- Kickstarter- It is the world's largest funding platform. It allows funding for creative projects in Arts, Crafts, Dance, Fashion, Food, Photography, Technology, Theater etc.

Mission- Their mission is "to help bring creative projects to life"

Objectives- They prefer principles before profit and they want creativity in the projects. They encourage the newcommers who have brain and ideas but do not have money.

Crowdfunding Campaign of Kickstarter- Their campaign strategy includes these points-

Note: Answer of question 3 is already written on the question paper.

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