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Assume Max and Sam are negotiating their first round in SpecialStuff. Sam is sure that $3 million is all that will be needed, but Max

Assume Max and Sam are negotiating their first round in SpecialStuff. Sam is sure that $3 million is all that will be needed, but Max believes it will take at least twice that. Max is willing to invest $3 million in this round of ownership somewhere between 25% and 40%. What do you think the final deal will look like and why?

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