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Consider the following three investors, and all investors hold CP:
(1) Series A: $6M APP or converts to 10M shares. (2) Series B: $12M APP or converts to 10M shares. (3) Series C: $10M APP or converts to 10M shares.
In addition to these investors, the founders hold 10M shares of common stock.
A. Fill in the Table with the amount the founder and each investor would receive based on the exit value in the first column.
Exit value. Founder Series A Series B Series C
$12 $24
$36
$50 B. Show exit equation for Series A investor following the Series C investment.
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