Question: Refer to the sample cap table given in Exhibit 5 of the Financing Entrepreneurial Ventures reading. Imagine a $6 million Series C round that occurs

Refer to the sample cap table given in Exhibit 5 of the Financing Entrepreneurial Ventures reading. Imagine a $6 million Series C round that occurs at a $30 million post-money valuation. A new VC, VC3 invests this $6 million. Assume that only VC3 invests and that NONE of the existing investors purchase any shares. Which of the following is NOT true?

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