V. (i) KPCB, a top venture capital firm, is considering a $6 Million Series A investment for 6Million shares of convertible preferred stock (CP) at $1 per share in Accu-Kitchen. The pre-financing capitalization table for Accu-Kitchen was as follows: a) What are the original purchase price (OPP) and aggregate purchase price (APP) for the Series A securities? b) What is the fully diluted share count? c) What is the proposed ownership percentage? d) What is the post-money valuation of Accu-Kitchen? e) What is the pre-money valuation of Accu-Kitchen? f) Write down the capitalization table of Accu-Kitchen after the series A financing (ii) Assume that the convertible preferred equity used in the above financing is ordinary convertible preferred with a liquidation preference of $6 million. If the financing goes through and Accu-Kitchen is acquired for a price of $9 million a few months after the financing, what will be payoff to series A convertible preferred equity holders? What will be the payoff to series A investors if the acquisition price paid for Accu-Kitchen was actually. $28 million (instead of the $9 million specified earlier)? (iii) Answer this question in three or four lines (a qualitative/verbal answer will do): What purpose do the anti-dilution (price protection) provisions in VC term sheets serve? What is the difference between a full ratchet provision and a weighted-average ratchet provision? Which kind of ratchet provision would most entrepreneurs prefer and why