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Consider the following three investors, and all investors hold CP: (1) Series A: $6M APP or converts to 10M shares. (2) Series B:

Consider the following three investors, and all investors hold CP:\ \ (1) Series A: $6M APP or converts to 10M shares.\ \ (2) Series B: $12M APP or converts to 10M shares.\ \ (3) Series C: $10M APP or converts to 10M shares.\ \ In addition to these investors, the founders hold 10M shares of common stock.\ \ Suppose the portfolio company is liquidated at the exit value of $60M. Who gets how much?\ \ Group of answer choices\ \ Founder = $20M, Series A = $18M, Series B = $12M, Series C = $10M.\ \ Founder = $26M, Series A = $12M, Series B = $12M, Series C = $10M.\ \ Founder = $32M, Series A = $6M, Series B = $12M, Series C = $10M.\ \ Founder = $15M, Series A = $15M, Series B = $15M, Series C = $15M\

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