...| SpiffyTerm. Inc | COMM 486X | | I hereby declare that I performed this assignment on my own, without the help of any other people | Question 1 1a. These Assumptions produce Round 1 Pre Money Valuation of 13.1 Mil and Post Money of 17.1; and round two Pre money Valuation of 36 Mil and Post Money Valuation of 38 Mil. 1b. For the different scenarios, and sensitivity analysis, please see below: | Investment | Pre Money | Post Money | First Round | $4,000,000 | $12.7 Mil | $16.7 Mil | Second Round | $3,000,000 | $35.0 Mil | $38.0 Mil | | | | | First Round | $6,000,000 | $12.1 Mil | $18.1 Mil | 1c. If Wolf had used the same assumption in the valuation as the founders, he must’ve used a IPO value of $50.6 Mil. 1d. If Wolf used the $1/Share, and $80 Mil valuation, he must’ve used an implicit discount rate of 63.32%. 1e. If we follow the $80 Mil valuation, and 63.32% assumption, but double the amount shares for owners, the investors then should not be paying at $1 per share, but rather $0.50 per share. Wuz should not be an MBA Student. 1f. No, what vulture ventures hope to buy is the Participating Preferred Shares, which act as a loan to the company, at a rate of 8% for interest, which would be paid back in the form of dividends. The remainder amount that was not paid back as dividend, will act as equity and will receive the shares’ equity. Question 2 2a. See the founder’s NPV value according to each founder | Expected NPV | Annabella |...
Words: 1255 - Pages: 6
...It was fun until Larry fell off and almost got eaten by a shark. Fortunately, Spiffy, being the olympic swimmer that penguins are, got the attention of the shark, who chased him until he grabbed the rope on the ship and began to climb just one bite away from disaster by the great white shark. He recalled looking down, laughing at the shark, and hearing it say, “do you have a cousin? I think I had him for breakfast!” Larry decided after that adventure that swimming in the ocean probably wasn't a good idea, so they both took up fishing. Larry had a horrible time baiting his hook, what with his paws and all, but Spiffy kindly baited it for him. Additionally, Larry didn't like to touch worms, so it was a win-win. They would sit on the stern of the boat for hours in a deck chair, pulling their lines in and out of the water, Larry barking, “here fishy-fishy, while Spiffy just sat still as a church mouse. Every now and then, Spiffy would sneak a little sardine sandwich, but Larry, preferring anything starting with the word ‘Purina’, left the fish eating to...
Words: 766 - Pages: 4
...Running head: READING REFLECTIONS Reading Reflections: “Cathedral” Crystal Monique Morrison ENG 125 Professor Brad Waltman October 22, 2012 Themes in literature are not as easy to identify as one may think. From reading into the work, it is not always the most easy of the work to come across. Many times the author may have a theme in mind that is not what you, as the reader may think. When reading critically to search for what is to be found in literature, you must use personal experience, critical thinking, and symbolism. Themes of literature are abstract and include subtle hints to draw the reader’s imagination to work its hardest at times. In the short story, Cathedrals, written by Raymond Carver, the theme is not as subtle as it may seem but to the shallow minded, it is very hard to identify. Looking at the world and people through a deeper level of seeing, not through physical attributes or stereotypical definitions to relate and understand is the theme that I found from this work. The theme I identified with in this story was not so subtle but it was not a very easy one to distinguish and to put in to words. As I read the story, I began to see how the narrator felt about blind people. In many ways, because he did not truly understand or was familiar with a person that was blind, was ignorant to many things. The narrator’s idea or impression of the blind man was that of the stereotypical picture that society had provisioned. He saw the man as wearing, dark glasses...
Words: 1151 - Pages: 5
...Seconds is an exact replica of my life once you take away the fact that the main character of the story is a girl and the bizarre, atypical moments and events that occur throughout the book, such as the somewhat not quite explained skeletons and the house demons part of the grand scheme. But other than that I think this story, or more specifically, the protagonist, Katie and I have more than a few things in common. Katie and I are similar because because our incapability to take responsibility of our actions, the common feeling of being afraid when things are not perfect and our love of food. Taking the blame for what we do is not part of our vocabulary. Whenever something awful happens in our lives, we try to act as if it never ever happened...
Words: 287 - Pages: 2
...For my comic I chose Scooby Doo. I looked at a comic that is newer and one that is older and they haven’t changed much. The main characters are all the same and they look the same. I also think they’re similar because they have the same voice, each of the characters have certain way of saying things that are different. Something that is very similar for both is the simplicity of the message. The stories in the comics are very well portrayed in only four to eight panels usually. The story line is never too complicated so that the readers can get through the comics quickly and be able to understand it. I think they did this because a large portion of the readers are children. All of the characters are very different. They all have their...
Words: 259 - Pages: 2
...------------------------------------------------- Tickits by Paul Milenski The type of narrator in the story is telling us everything about the character who meets people, and the things the character sees. Besides that, the narrator describes the character, who we follow in the story and we get to know what the character is doing. Example from the text: “Toby Heckler placed the slip of yellow paper under the windshield wiper of the black Oldsmobile that straddled two parking spaces.” We get a point of view from the narrator, where we get to know what Toby is doing, from the narrator’s perspective. The direct information we get about the characters from the narrator: “Near the First National Bank two elderly ladies waited for the bus. They stood in the middle of the sidewalk away from the curb. Toby pulled out his pad, slipped the pen off his ear, held the cap with his teeth. He printed slowly, meticulously, then handed one of the ladies the slip, “TO MUSH IN WAY” signed “TOBY.” He secured his instruments, walked along as before. The two ladies examined the slip of paper, moved closer to the curb.” The way the narrator describes the way Toby contacted the ladies without saying a word with his mouth, it tells us that Toby is probably handicap. The indirect information we get from the narrator’s description of setting, Toby’s notes and from dialogue: “On the yellow paper Toby had printed in red ink “PRAKING MISTEAK” and signed his name “TOBY” in a childish-looking hand.”...
Words: 373 - Pages: 2
...Dear Jennifer, I hope all is well in your city. I write you letter in every 2 weeks but you take 1 month to reply. Hope that I don’t flat tire you. I never hide anything from you, I wanted to tell you that I am dating Drake, remember I had a carry a torch on him, oh he is cat’s meow, it’s a month now so I thought I should share it with you. I will tell you about my first date, I wore my white dress above knees, as you know that women are not allowed to wear bright colors, my brown heel shows and I added a fancy hat, we met at a java shop because that is the only place people wont ask who am I with, because women’s are only allowed to go with their family. After having a java we watched a movie of Conrad Veidt it was a horror movie called Der Januskopf, as you know I am usually really scared while watching a horror movie, Drake noticed that I was really scared so I felt like a wet blanket. While watching the movie he asked me if I am enjoying the movie and my answer wasn’t that impressing so he decided to leave this movie and watch another movie, I told him that it was ok but he is kind of stubborn, we went to another theatre and watched another movie. The fun thing was it had voice in it and it was a colored movie, the previous movie was like always a silent movie and black and white. After all that nifty fun, it was time to go home because it was owl and women’s are not allowed to hang out late night. So Drake was going to drop me in his Jalopy, I was sitting in his...
Words: 422 - Pages: 2
...Elroy serves as a representation of his father for Tim, who spends six thoughtful days with Elroy trying to make his decision. One day Elroy takes Tim out on the river and Tim has a chance to swim the shore and escape the draft by going to Canada.(58) Tim sees chunks of his history flash by and in that flashback there are three younger versions of him. “I saw a seven year old boy in a white cowboy hat and a Lone Ranger mask and a pair of holstered six-shooters; I saw a twelve-year-old Little League shortstop pivoting to turn a double play; I saw a sixteen-year-old kid decked out for his first prom, looking spiffy in a white tux and a black bow tie, his hair cut short and flat, his shoes freshly polished.” Having these flashbacks highly influences his decision, because Tim would be leaving behind all of these memories that he’s had as a child. Being a twelve-year-old Little League shortstop is such an American tradition. Things such as that are what makes people proud, leaving to Canada would make him feel like a coward, and we know that the last thing Tim wants is to let his country down. In Tim’s fantasy he also talks about Abraham Lincoln, and children whom are wounded. “ All my aunts and uncles were there, and Abraham Lincoln, and Saint George… I saw faces from my distant future.” Abraham Lincoln, known as “Honest Abe” was one of the greatest...
Words: 509 - Pages: 3
...Rather than including impractical information, rhetors include specific details and use certain styles in order to achieve their purpose. Within the excerpt from Tim O’Brien’s “On the Rainy River”, the author communicates his internal conflictions about the war. The rhetor of this excerpt uses both syntax and imagery in order to justify his decision and earn ethical acceptance from the audience. O’Brien includes imagery as a method to support and propel his purpose. The audience has perceived O’Brien as a wimp for considering fleeing to Canada to avoid the war, but his use of imagery proves just how appealing Canada is. As O’Brien gazes across the shoreline, he describes, “I could see tiny red berries on the bushes. I could see a squirrel...
Words: 583 - Pages: 3
...and their guest, the blind man. The only information we get about the husband comes from his actions and thoughts. They let us know how he thinks a blind man should act “My idea of blindness came from the movies. In the movies, the blind man moved slowly and never laughed. Sometimes they were led by seeing-eye dogs.” From these thoughts we learn about the narrator’s prejudice and preconceptions. The husband has a lack of sympathy for their guest who is blind and has lost his wife. Through most of the story, the narrator refers to Robert as “the blind man”. This indicates that the narrator don’t see him as a normal human being, but only as a disabled man. Robert, the blind man, is in his late 40s. He is muscular, bald, has a beard and is spiffy. To much regret for the husband, Robert doesn’t wear sunglasses “But he didn’t use a cane and he didn’t wear dark glasses. I’d always thought dark glasses were a must for the blind. Fact was, I wished he had a pair.” It both surprises and irritates the narrator that Robert doesn’t match the preconceptions he has. The wife is happy about Robert visiting them. She used to work for him and sees him as a human being instead of a disabled man. She keeps her mind open and is very...
Words: 691 - Pages: 3
...us actually know of what went on behind the scenes; how did the home computer industry start and how much of it was due to the drive and vision of Steve Jobs. • Summary On a warm June day in 2005, Steve Jobs went to his first college graduation - as the commencement speaker. The billionaire founder and leader of Apple Computer wasn't just another stuffed-shirt businessman. Though only fifty years old, the college dropout was a technology star, a living legend to millions of people around the world. In his early twenties, Jobs almost single-handedly introduced the world to the first computer that could sit on your desk and actually do something all by itself. He revolutionized music and the ears of a generation with a spiffy little music player called the iPod and came with it was a wide selection of songs at the iTunes store. He funded and nurtured a company called Pixar that made the most amazing computer-animated movies such as Toy Story, Cars, and Finding Nemo - bringing to life imaginary characters like never before. Though he was neither an engineer nor a computer geek, he helped create one gotta-have-it product after another by always designing it with you and me, the actual users, in mind. Unknown to those listening to him that day, more insanely awesome technology was in the works, including the iPhone, which would put much of the power of a computer neatly into the palm of your hand. The father of four would be repeatedly compared with the...
Words: 890 - Pages: 4
...Seuss adds a bit of allusion to this one. Seuss shows many examples that seem to tie The Butter Battle Book to the Cold War. Using this narrative element was very impressive,[comma splice] he shows his skill to be able to tell a funny children's book and resemble it to a bigger topic. For example [punctuation error] Seuss writes, “We’ll dress you right up in a fancier suit, we’ll give you a fancier slingshot to shoot” [run-on sentence] this resembles to the Arms Race; back in the Cold War the Soviet Union and United States fought the war by demonstrating their power, so they both tried to have the best weapons just like the Yooks in The Butter Battle Book. As well the author writes, “I’m unhappy to say, he came back the next day in a spiffy new suit with a big new machine” (Seuss). Resembling this quote to the Cold War, when one side came out with more and new weapons, the other side would do the same. For the last example Seuss writes, “My back room boys have already begun, to think up a walloping whizz-zinger one”[punctuation error]. This quote duplicates the Space Race, another part of the Cold War. The Space Race was basically each side trying to prove they had better scientist by achieving certain space missions first, the “back room boys” relate to the scientist in the Cold War. This passage reveals likeness of the Cold War displaying Seuss’ competence to tell his stories...
Words: 847 - Pages: 4
...by my junior year of high school I couldn’t take it anymore. It was my third school in three years with a new set of dull classes, new overly eager teachers, and a completely new city in which I had heard been described as “a bubble” where everyone absolutely “loves to live” and no one ever leaves. Yet here I was three weeks in this city and I just wanted to get out. It was all very cliquey with the students, but also the teachers. Good grades on my assignments were few and far between but I just couldn’t find the drive to start all over again and put my head into the work; I stopped caring. Labor Day weekend had come faster than I anticipated and I decided it was time to explore more of The Lone Star State and went on a drive in my spiffy white Honda. I was driving, just me, myself, and I with the windows down hearing the choppy wind distribute through the car while little wispy pieces of hair attacked my face. Driving alone like that is just a certain kind of serenity that needn’t an explanation. As I was driving I was thinking of what could possibly make this mini road trip better, and of course the answer was, a crisp, fresh box of Mike N Ikes. I was making my way down the feeder to find the nearest convenience store. Then I saw him. I passed him in the street. He was carrying what seemed to be his whole world in a cluster of carrier bags, two or three to each hand. He looked so very sad, and tired, and walked slowly with a medium sized dog that appeared malnourished...
Words: 1002 - Pages: 5
...The US Financial Crisis and Bangladesh The devastation left by the recent financial crisis can easily be compared with the natural disasters that visit Bangladesh so often. Lehman Brothers is no more; Merrill Lynch and Bear Stearns suffered a huge loss and forced to sell themselves; AIG, Frannie Mae, and Freddie Mac sought refuge in nationalization. USA’s last two investment banks Goldman Sachs and Morgan Stanley threw their towel and converted themselves to holding companies. The investment banking arena will never look the same again. Unfortunately the woe does not end here. American money-market fund the safest of safe investments has reported a loss (first time since 1994). If investors flee the money markets for treasuries, banks will lose funding and the contagion will suck in hedge funds and corporations. The recent turmoil has been blamed on the sub-prime mess. These relatively unregulated financial institutions’ greed has led to their downfall. What these “hedge-fund operators, leveraged buy-out boys and whiz-kid quants” have created is a financial Frankenstein. They have created loans for borrowers, who in real life do not qualify for them because of their poor credit ratings and low incomes. The risk of these loans have been passed on to investors around the world who are eager to buy securities carrying higher yields rather than those offered by safer investments such as US treasury bonds. According to an article by Knowledge @ Wharton “Mortgage-backed securities...
Words: 1010 - Pages: 5
...Tickits by Paul Milenski “Then, before he put the box away, he wrote one more slip in his largest letters: “ERVYTHING WORNG!” (p. 2. l. 35-36)” This quote is a central symbol of the theme. Toby is handicapped. I believe he is suffering from arrested development. Tickets are frequently given by the police or other higher authorities to an individual, who breaks the law. Tickets are generally given, when people break the Road Traffic Act or something like that. This is the way a lot of people would describe getting a ticket. But this description does not fit the way Toby writes his tickets. Toby gives tickets to random people, who he believes are breaking the rules of a well-being society. It might seem very peculiar, that Toby writes tickets for small incidents. He gives two ladies a ticket for standing in the middle of the pavement. But there is a reason why, and the quote proves this point of view – everything in Tobys life is wrong. In order to rectify things in his mind Toby writes tickets to get a healthy society. Given tickets is something in his life, which he can control. A central theme is therefore, how Toby tries to get everything around him to be right. The text “TICKITS” was written in 1978. The writer is Paul Milenski. The text is about a young chap, his name is Toby Heckler. The story deals with a serious subject regarding human relationships and the lack of order in a Toby’s life. The narrative technique is a third person narrative. The third person narrative...
Words: 1297 - Pages: 6
