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A convertible note has a face value of $ 4 0 0 , 0 0 0 and a pre - money valuation cap of $
A convertible note has a face value of $ and a premoney valuation cap of $ and a discount. Series A investors invest $ and are issued shares. The entrepreneur has shares outstanding. Questions What is the series A price? What is the cap price? How many shares will the note investor be issued at conversion?
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