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Aggie Ventures I invested $4M in a startup, Cicada Pharmaceuticals, in a Series A investment. The investment is structured as redeemable preferred ($4M) and 10M
Aggie Ventures I invested $4M in a startup, Cicada Pharmaceuticals, in a Series A investment. The investment is structured as redeemable preferred ($4M) and 10M shares of common stock. The founders and employees (together called the "founders") have claims on a total of 14M shares of common stock (as exercised). Which of the following is the correct exit diagram for the Series A investors? Look at attachment for multiple choice answers and select from those options.
A B S=0.4167 S=0.4167 4 4 - 4 9.6 4 C D S=0.4 4 A S=0.4167 4 10 A B S=0.4167 S=0.4167 4 4 - 4 9.6 4 C D S=0.4 4 A S=0.4167 4 10Step by Step Solution
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