12. A VC firm invests $2 million in ABC Co at $1 per share for a Series A investment. ABC's founders have 6 million shares. Draw exit diagrams for each of the following. Please label axes, important points along the diagrams, and line slopes, and document your reasoning: * a) Convertible preferred stock and common stock (each separate lines) *b) Participating convertible preferred stock * c) Participating convertible preferred stock with mandatory auto conversion to common at an EV of $50 million * d) Participating convertible preferred stock with a 3X liquidation preference and a cap on return to the preferred of $30 million Bonus question - Part b (convertible preferred stock), but assuming that the VC only takes 60% of the $2M round, with another VC taking the other 40%. Vcs share pro rata - show only this (60%) VC's payout. 12. A VC firm invests $2 million in ABC Co at $1 per share for a Series A investment. ABC's founders have 6 million shares. Draw exit diagrams for each of the following. Please label axes, important points along the diagrams, and line slopes, and document your reasoning: * a) Convertible preferred stock and common stock (each separate lines) *b) Participating convertible preferred stock * c) Participating convertible preferred stock with mandatory auto conversion to common at an EV of $50 million * d) Participating convertible preferred stock with a 3X liquidation preference and a cap on return to the preferred of $30 million Bonus question - Part b (convertible preferred stock), but assuming that the VC only takes 60% of the $2M round, with another VC taking the other 40%. Vcs share pro rata - show only this (60%) VC's payout