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
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.
Show exit equation for Series A investor following the Series C investment.
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Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
