Although he had resigned from those positions for unrelated reasons, he remained a significant minority shareholder of a certain class of convertible preferred shares. (remonline.com)
With common and convertible preferred share transactions, the parties will fix a valuation on the start - up corporation before investment, and this sets the price of the investment. (marsdd.com)
Institutional venture capitalists overwhelmingly favour convertible preferred shares as the investment structure of choice for their transactions. (marsdd.com)