Question: 8. A term sheet provision calls for a Series A investor to receive convertible preferred shares, specifying a 2x liquidation preference. The investor puts in

 8. A term sheet provision calls for a Series A investor

8. A term sheet provision calls for a Series A investor to receive convertible preferred shares, specifying a 2x liquidation preference. The investor puts in $4 Million for 20% of the company. If the firm is liquidated for $20 Million, what amount does the Series A investor receive

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