Suppose, in addition to a payoff at exit, an investor insists on convertible preferred stock or convertible

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Suppose, in addition to a payoff at exit, an investor insists on convertible preferred stock or convertible bonds that pay dividends or interest prior to exit. What would be the impact on the amount of equity an entrepreneur should give up? How would it be computed?

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Raising Capital

ISBN: 978-1461498124

2005 Edition

Authors: David E. Vance

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