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(1) Series A: $6M APP or converts to 10M shares. (2) Series B: $12M APP or converts to 10M shares. (3) Series C: $10M APP
(1) Series A: $6M APP or converts to 10M shares.
(2) Series B: $12M APP or converts to 10M shares.
(3) Series C: $10M APP or converts to 10M shares.
In addition to these investors, the founders hold 10M shares of common stock.
If the exit value is $36M, how much is distributed to series A investor?
(2) Series B: $12M APP or converts to 10M shares.
(3) Series C: $10M APP or converts to 10M shares.
In addition to these investors, the founders hold 10M shares of common stock.
If the exit value is $36M, how much is distributed to series A investor?
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Step: 1
To determine how much is distributed to the Series A investor we need to understand the terms of the investment and how the exit proceeds are allocate...
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Step: 3
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
