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A E 1 QUESTION 16 2 Pipestein Corporation receives 1 round of financing equal to $20M at a $60M pre-money valuation. The VC receives participating

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A E 1 QUESTION 16 2 Pipestein Corporation receives 1 round of financing equal to $20M at a $60M pre-money valuation. The VC receives participating preferred stock with a 1x liquidation preference and 3x cap. If the company is acquired for $100M, how much will the VC receive? 3 4 5

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