Question
Your company raises three rounds: Round A B Investment Pre-$ Valuation 10 60 100 800 All investors receive a basic liquidation preference. The initial common
Your company raises three rounds: Round A B Investment Pre-$ Valuation 10 60 100 800 All investors receive a basic liquidation preference. The initial common stock Pool is 20%. 10% total ownership is granted to hires made between the A- and B-rounds, and 5% ownership is granted to hires made between the B- and C-rounds.
a. Create the Cap Table through the C-round.
b. How is common stock distributed after the C-round between Founders, A-hires, B- hires, and the Pool? Assume no refresh.
c. What is the distribution of common stock after the C-round if there is a 8% refresh right before the C-round?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started