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Suppose Sam's company successfully developed its product and needed an additional $ 2 million financing Assume that Sam and Max convince Acme Venture Partners (

Suppose Sam's company successfully developed its product and needed an additional $2 million financing
Assume that Sam and Max convince Acme Venture Partners (AVP) to invest $2 million for 25 percent of the company in a second-round financing ("Series B")
Moreover, assume that Sam and Max did their original financing ("Series A'') using a convertible preferred structure and AVP has also agreed to a convertible preferred structure
What are the payoff values at 2million 5 million and 10 million?
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