Question $4$: Pancake stack in action $($p$.183$ and $184)$

Hint: Hint: When computing payouts from convertible stock, you use only the exit value, not the amount remaining after the payout to the other investor. For example, if series A investor purchases a $30\%$ convertible preferred for $$1M,$ series B investor purchases a $40\%$ convertible preferred for $$2M$ and the company exits for $$50M,$ the payout is as follows:

$$50M40\%=20M$ to series $B$ investor

$$50M30\%=15M$ to series A invstor

Remainder $($ $$50M-$$$20M-15M)$ goes to founders.

Inky has two equal owners. In Series A funding, they sell $20\%$ of the company to investor. A for $$5M$ and give them convertible preferred shares. In Series B$,$ they sell another $20\%$ of their company to Investor B for $$15M,$ this time providing participating preferred shares. In Series C$,$ they "sell" a portion of their company for $$20M$ with a $10\%$ coupon rate to Investor C who purchases redeemable preferred shares. One year later, prior to Series D they are acquired by Am$$zon for $$200M.$ How much will EACH entrepreneur and investor make from the exit? Assume no dilution across rounds. $($I$\text{'}$m looking for the five dollar amounts, one for Investor A$,$ Investor B$,$ Investor $C$ and EACH of the entrepreneurs$)$

Investor $C$ gets:

Investor B gets:

Investor A gets:

Entrepreneur $1$ gets:

Entrepreneur $2$ gets: