4. Suppose a VC invests $2m in a startup at $5m (post-money) valuation. Draw the Founders and the VCs net payoff schedules in the following sub-cases (use the grid on the next page): i) the VC receives common equivalent shares in non-participating convertible preferreds with 2x liquidation preference ii) the VC receives common equivalent shares in participating convertible preferreds with 2x liquidation preference