Quiz
Exit waterfalls
Exit waterfall scenarios to grade. Some AI answers are right, some are wrong, some are only mostly right, and some can't be graded at all without more information.
Question 1 of 10
A company is acquired for $30M. An investor holds 1x non-participating preferred: $4M invested, 20% as-converted. AI states what that investor walks away with.
The AI's answer
The investor converts to common and takes $6M, which is 20% of the $30M, since that beats their $4M preference.
How would you grade it?
How sure are you?