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A VC is drafting a term sheet for a potential investment in a venture. The estimated discounted terminal value of the venture is $25 million.
A VC is drafting a term sheet for a potential investment in a venture. The estimated discounted terminal value of the venture is $25 million. The venture has 1 million shares outstanding currently. The VC plans to invest is $5 million.
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Lets assume that the price per share of the convertible preferred stock is 10 and the VCs required r...
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
