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5. Suppose that it is one year after Andreessen Horowitzs investment in Alpha Fintech (using the convertible preferred structure used in the previous problem), and

5. Suppose that it is one year after Andreessen Horowitzs investment in Alpha Fintech (using the convertible preferred structure used in the previous problem), and Greycroft makes a Series B investment for 6M shares of Alpha Fintech at $.2 per share. Following the Series B investment, what percentage of Alpha Fintech (fully diluted) would be controlled by Andreessen Horowitz under the following scenarios:

a. Series A has no anti-dilution protection.

b. Series A has full-ratchet anti-dilution protection.

c. Series A has broad-based weighted average anti-dilution protection.

d. Series A has narrow-based weighted average anti-dilution protection.

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