Neatness matters. Models should be dynamic so that we can easily change key assumptions. Cap Table A Company is raising a Series A financing. The current capitalization table is shown below. Investor Common Seed Options Founder 1 400,000 Founder 2 400,000 Brandon 100,000 Stephanie 100,000 Frankie 50,000 Marie 50,000 Other Series Seed 100,000 ESOP (Allocated) 75,000 ESOP (Unallocated) 50,000 Series Seed shares were 1.5x participating preferred shares. After the Series Seed the post- money valuation was $25M. Assume the Series Seed was completed on 1/1/2020. How much did each investor invest in the Series Seed? Assume option pool was established in the pre-money and no convertible notes converted in the round. After the Series Seed, the Company raised additional capital in the form of convertible notes. As such, there are four outstanding convertible notes which will convert into the Series A round. Convertible Note 1 - Investment date of 6/1/2020, $500k Stephanie, $500k Brandon, cap of $25M, 20% discount, 3% non-compounding annual interest Convertible Note 2 - Investment date of 12/1/2020, $1M Stephanie, $1.25M Brandon, $500k Marie, cap of $35M, 20% discount, 3% compounding annual interest Convertible Note 3 - Investment date of 4/1/2021, $500k Stephanie, $500k Frankie, cap