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Test like an eagle: don't let time keep on slipping, slipping, slipping...into the future. Or at least past the time limit.

The Facebook Deal: Equity Lowdown Quizlet

  • 1.

    If Facebook turns out to be a terrible idea and liquidates, and the assets are worth $210,000, what do the co-founders get? Assume that the ownership is the same as stated above.

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  • 2.

    Same facts, except that Peter’s convertible stock isn’t “participating.” The company fetches $600,000 in liquidation. How much do the co-founders each get?


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