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Suppose the exit $W is $96M. Which structure would give the highest wealth to VCS? 5M shares of common. RP + 5M shares of common.
Suppose the exit $W is $96M. Which structure would give the highest wealth to VCS? 5M shares of common. RP + 5M shares of common. PCP with participation as-if 5M shares of common, QPO at $5 per share. PCPC with participation as-if 5M shares of common, with liquidation return capped at four times OPP, QPO at $5 per share. RP ($4M APP) + 5M shares of CP ($1M APP)
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