EFTA00639363.pdf
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ILLUSTRATIVE RETURNS
APPROXIMATE ONLY
Assumes No Investment into Series 8
Exit Before April 28, 2016 @ Valuations of
Assumes Investment Required for Exchange to Series 8 ($833K)
Exit Before April 28, 2016 @ Valuations of
$1,000,000,000
$2,000,000,000
$3,000,000,000
$5,000,000,000
$1,000,000,000
$2,000,000,000
$3,000,000,000
$5,000,000,000
$0
$5,000,000
$5.000.000
Exit After April 28, 2016 @ Valuations of
$7.876,728
$495,493
$7,500,000
$7,500,000
Exit After April 28, 2016 @ Valuations of
$10,365,934
$1,000,000,000
$2,000,000,000
$3,000,000,000
$5,000,000,000
$1,000,000,000
$2,000,000,000
$3,000,000,000
$5,000,000,000
$0
$5,000,000
$5,000,000
$8,373,405
$7,500,000
$7,500,000
$7,500,000
$11,019.572
For $833K investment (amount needed for full exchange to Series 8), Mort receives 219K additional shares &
$2.5M of additional liquidation preference
Note: Assumes all other investors into Series 8 decided to do full exchange to Series 8
3.0x liquidation preference on convertible Notes expires one year after original investment (on 04/28/2016) and becomes 7.0x liquidation preference thereafter
At $78N & .82BN assumes all investors in Series 8 exchange to Series 8. At $38N & SSBN valuation, assumes Sequoia. KhoSla & Mayfield do not exchange to Series 8
EFTA00639363
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| Filename | EFTA00639363.pdf |
| File Size | 66.7 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 1,320 characters |
| Indexed | 2026-02-11T23:14:00.875352 |