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G N M B command option 1. ( a) posthoney valuating = 1475+5= 19-75 (b ) share of company =5 /19.15, wan ( )

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G N M B command option 1. ( a) posthoney valuating = 1475+5= 19-75 (b ) share of company =5 /19.15, wan ( " ) me- shares NV wut pre -shave = LIS." / n N = 3 35, 983 price per share : 5, 140, 0w / 378. 983 = $ 14.75 (F) shore of the impuny getting doday SL.R / * (HIS'). )= 29.11% ( 3 ) n / (how, with ) = 29.1 % W= 40 , 717 shares allocated to uption pool = Clow, not WJ x 15 / = ( loop, Jout Hu, 7It) 715-1 =211, 607Part B: Comparing Security Types at. Jones proposes taking participating preferred stock1 with 1x liquidation preference in return for her $5 million investment. Draw the payoff diagram for this security from Jones' perspective, assuming she invests $5 million at a pre-money valuation of $14.75 million with no option pool. What is her cash-on-cash return (money received divided by investment) if NewVenture exits in December 2020 at a $150 million valuation? Thompson provides a counter-proposal in which the security will be a standard convertible preferred stock with a liquidation of 2X. Draw the payoff diagram for this security from Jones' perspective. If NewVenture exits in December 2020 at a $150 million valuation what would be Jones payoff? which type of a security would Jones prefer? Why? At what company valuation would the two securities have an equal payout? Techstars Offer w/ Optional Conv note of $100K Techstars Priced Round Seed Round Conv Notes Option Pool Series A 11 % % ii % Founders 94. 00% 10, 000, 000 89. 13% 10, 000, 000 77. 99% 10, 000, 000 62. 39% Techstars 638, 298 638, 298 5. 69% 638, 298 4. 98% 638, 298 3. 98% Seed Convertible Notes 581,453 5.18% 581,453 4.53% 581,453 3. 63% Stock Option P001 1,602,822 12.50% 1,602,822 _ Series A vc 3 205 643 20. 00% Total 10 638 298 100.00% 11 219 751 100. 00% 12 822 573 100. 00% 16 028 216 100. 00% Techstars Investment TS share price (common) Seed Valuation Cap Seed Investment Seed Share price Seed Share price check Series A Post Money Valuation Series A Investment Series A Share Price Series A share price check 0. 028 0. 245 0. 245 0. 624 0. 624 Grey cells are data that is given, everything else is calculated

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