Bitbox has raised $9 million in a Series A round with $30 million post-money value and a 2 x liquidation preference, and $23 million in a Series B round with a $73 million post-money value and a 3 x liquidation preference plus seniority over Series A. a. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $90 million? b. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $180 million? c. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $350 million?
Bitbox has raised $9 million in a Series A round with $30 million post-money value and a 2 x liquidation preference, and $23 million in a Series B round with a $73 million post-money value and a 3 x liquidation preference plus seniority over Series A. a. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $90 million? b. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $180 million? c. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $350 million?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Bitbox has raised $9 million in a Series A round with $30 million post-money value and a 2 x liquidation preference, and $23 million in a Series B round with a $73 million post-money value and a 3 x liquidation preference plus seniority over Series A.
a. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $90 million?
b. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $180 million?
c. What will Series A, Series B, and common shareholders recieve if BitBox is sold for $350 million?
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