Peers,
How do you account for convertible equity? I'm familiar with the structure (it honestly doesn't seem as new as the pundits are punting), but haven't done it...until now I am giving it consideration for one of my companies (thus, Anonymously asked).
Descriptions are available below: my question is, if a Preferred round comes in, how do you allocate the investment across Preferred, Common, APIC and other? I am honestly flummoxed by this one, so appreciate the help.
Cheers, and thanks!