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vc buys a safe issued by startup with a 20% discount and a 6,000,000 valuation cap. If startup raises a qualifying round with a valuation

vc buys a safe issued by startup with a 20% discount and a 6,000,000 valuation cap. If startup raises a qualifying round with a valuation of $4,000,000 what is the valuation that will be used for computing purposes the number of shares VC receives?

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