>And I thought that would never confuse me again...thanks. In things like this, it helps to scale it up to 100% -- what happens if a $4 million company takes $

>And I thought that would never confuse me again...thanks. In things like this, it helps to scale it up to 100% -- what happens if a $4 million company takes $4 million from VCs? Certainly the VCs wouldn't own the entire company, so you can't give them a percentage based on premoney valuations.