Extra Credit: Theres just one problem: You dont have enough money to pay for the upfront equity

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Question:

Extra Credit: There’s just one problem: You don’t have enough money to pay for the upfront equity investment by yourself, but your friend Jeff Potter can help you syndicate the deal. What type of investment fund would you and Jeff create? What legal structure would you use? What payback terms would you offer the investors? Please draw the capital structure and describe what would happen if you default on the loan.