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Investors provide $2 million and receive a SAFE note because the startup does not yet have a valuation. The SAFE note has a 16% discount
Investors provide $2 million and receive a SAFE note because the startup does not yet have a valuation. The SAFE note has a 16% discount in the share price. How much do the SAFE holders earn when the next round of funding occurs (in millions)
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, G. Richard Chesley, Ray Carroll
6th Canadian Edition
0070915164, 9780070915169
