Convertible-note Example
• VC Investment: $1m, valued @ $1/share | Pre-money valuation = US$10m
• Discount = 20% | Conversion Cap = US$4m
a) What is the Conversion Price?
b) What is the Unrealized Return, if any?
| +460 | Don’t work at UBS - UBS Sucks | 45 | 13m |
| +330 | Article - UBS’ Investment Bank Keeps Losing Ground | 43 | 1d |
| +219 | Should My Intern Get a Return Offer? | 58 | 1d |
| +62 | Getting Laid in IB? | 28 | 1d |
| +57 | Intern keeps sleeping at work - what to tell them | 26 | 4h |
| +56 | F*ck it I'm Going to Med School | 19 | 3d |
| +51 | Living in greenwich as an analyst? | 9 | 18h |
| +47 | Incompetent and annoying co-intern | 20 | 5h |
| +34 | Nauseous every morning for past 3 years in IB, anyone else? | 21 | 4h |
| +33 | NYC Associate Budget | 13 | 37m |
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