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Suppose a company just arranged its first funding round with a VC. The VC is investing $3 million in exchange for Series A convertible preferred

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Suppose a company just arranged its first funding round with a VC. The VC is investing $3 million in exchange for Series A convertible preferred shares, based on a $9 million pre- money valuation. There are 14 million common shares currently outstanding (and no other convertible or participating preferred shares outstanding). What price per common share will the VC pay? Your

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