Does the term sheet for the Series A round generally favor the entrepreneur or the investor? Refer to one or two specific terms or contract features in your answer. 2. What is OptiGuard's post-money value based on the previous round with angel investors? What are the pre- and post-money values based on the proposed Series A round terms? 3. Suppose another investor offers to provide OptiGuard an additional $7.8 million in equity after the Series A round. What are the implications for WVP and Mannix at a price of $8.00 a share? At $3.00 a share? 4. Suppose OptiGuard is sold for $15 million in 3 years. What difference does it make to WVP if it has a participating versus conventional liquidation preference? 5. If you were Mannix, would you attempt to negotiate certain terms of the offer? Which ones? Based on the attractiveness of OptiGuard to prospective investors, does Mannix have leverage?

OPTIGUARD TERMSHEET CASE