Preferred Returns

	A	B	C	D	E	G	H	I	J	K	L	M	N	O	P	Q	R	S
1
2
3
4
5
6
7
8		Pricing Parameters				Exit Value
9	Structure	Pre-money	Round Size	Post-Money	Ownership	$0	$10	$20	$30	$40	$50	$60	$70	$80	$90	$100	$110	$120
10
11	Preferred	$20.00	$10.00	$30.00	33.3%	$0.00	$10.00	$10.00	$10.00	$13.33	$16.67	$20.00	$23.33	$26.67	$30.00	$33.33	$36.67	$40.00
12						0.0%	100.0%	50.0%	33.3%	33.3%	33.3%	33.3%	33.3%	33.3%	33.3%	33.3%	33.3%	33.3%
13	Participating Preferred	$30.00	$10.00	$40.00	25.0%	$0.00	$10.00	$12.50	$15.00	$17.50	$20.00	$22.50	$25.00	$27.50	$30.00	$32.50	$35.00	$37.50
14						0%	100%	63%	50%	44%	40%	38%	36%	34%	33%	33%	32%	31%
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50