Exit Waterfall Liquidation Preferences

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version: 3.2
links:
product: Cap Table & Exit Waterfall Tool
link: /cap-table/

• On Exit Waterfall, changed the liquidation preference calculation for each share class to use the proceeds per share to common instead of the residual per share from the section above. The previous method did not work as well in conditions where the liquidation price per share decreased in future rounds. This method does make the calculations even more circular, but more robust for that situation.