All CP Investors have 20% carry interest. Assume that Series D, E and F all have committed

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All CP Investors have 20% carry interest. Assume that Series D, E and F all have committed $100M investment capital.

Series A: $2M for 10M shares (EBV)

Series B: $11M for 10M shares (Tall tree)

Series C: $10M for 10M shares (Owl)

Series D: $15M for 10M shares (2X liq pref) (Series D investors)

Series E: $10M for 10M shares (3X liq pref) (Series E investors)

Series F: $30M for 10M shares (Series F investors)

What is the conversion order for these investors?

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Venture capital and the finance of innovation

ISBN: 978-0470454701

2nd Edition

Authors: Andrew Metrick

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Question Posted: Apr 30, 2013 08:15 AM

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All CP Investors have 20% carry interest. Assume that Series D, E and F all have committed

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A 210 020 B 1110 110 C 1010 100 D 3010 300 E 3010 300 F 3010 300 Hen...View the full answer

Venture capital and the finance of innovation

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