BitBox has raised $11 million in a Series A round with $41 million post-money value and a

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BitBox has raised $11 million in a Series A round with $41 million post-money value and a 1.5x liquidation preference, and $23 million in a Series B round with a $74 million post-money value and a 3x liquidation preference plus seniority over Series A. What will Series A, Series B, and common shareholders receive if BitBox is sold for

a. $85 million?

b. $100 million?

c. $200 million?

d. $300 million?

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Corporate Finance

ISBN: 9781292304151

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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