Luciano's is opening a new Italian restaurant. Luciano's wants to raise $100,000 to get started, but feels that the company is too new to put a valuation on. Luciano's decides to issue convertible debt, with an interest rate of 5% and a 20% bonus. The debt will convert to equity with the first priced round, expected to be in two years. Luciano's hopes to be valued at $2,000,000 (pre-money) at the time of the priced round and expects to be raising $500,000 on that round of financing. Assuming that all goes as expected, what percentage of ownership of the company will the convertible debt investors receive? UTM Editora Luciano's is opening a new Italian restaurant. Luciano's wants to raise $100,000 to get started, but feels that the company is too new to put a valuation on. Luciano's decides to issue convertible debt, with an interest rate of 5% and a 20% bonus. The debt will convert to equity with the first priced round, expected to be in two years. Luciano's hopes to be valued at $2,000,000 (pre-money) at the time of the priced round and expects to be raising $500,000 on that round of financing. Assuming that all goes as expected, what percentage of ownership of the company will the convertible debt investors receive? UTM Editora