1. Square, Inc. raised its first round of venture capital by issuing 10 million shares of Series A preferred stock for $1 per share, which is convertible into common stock on a 1-1 basis and has a non-participating ix non-participating liquidation preference. Before the Series A offering, there were 30 million shares of common stock outstanding. One year later, Square needs to raise more capital, so they now plan to issue 5 million shares of Series B preferred stock, which is convertible into common 1-1 and has a non-participating 1x non-participating liquidation preference and a weighted average ratchet. After meeting with several VC firms in the Valley, they agree on a price of $10 per share. They now have 35 million shares of common stock. [A] Complete the Series B cap table below by filling in the shaded area: Series B Round Price Shares Issued (millions) Common After Conversion Percentage of Common Series A convertible preferred Series B convertible preferred Common shares Total shares [B] Determine the pre- and post-money valuation for Series B round. [C] Based on the information above, explain whether Square could currently be considered a "Unicorn"? [D] If Square is acquired 1-year later for $200 million, what is the value of each shareholder's (A, B, and 1. Square, Inc. raised its first round of venture capital by issuing 10 million shares of Series A preferred stock for $1 per share, which is convertible into common stock on a 1-1 basis and has a non-participating ix non-participating liquidation preference. Before the Series A offering, there were 30 million shares of common stock outstanding. One year later, Square needs to raise more capital, so they now plan to issue 5 million shares of Series B preferred stock, which is convertible into common 1-1 and has a non-participating 1x non-participating liquidation preference and a weighted average ratchet. After meeting with several VC firms in the Valley, they agree on a price of $10 per share. They now have 35 million shares of common stock. [A] Complete the Series B cap table below by filling in the shaded area: Series B Round Price Shares Issued (millions) Common After Conversion Percentage of Common Series A convertible preferred Series B convertible preferred Common shares Total shares [B] Determine the pre- and post-money valuation for Series B round. [C] Based on the information above, explain whether Square could currently be considered a "Unicorn"? [D] If Square is acquired 1-year later for $200 million, what is the value of each shareholder's (A, B, and