{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/143f1b0294ac40fda284276b73c8dcea\" frameborder=\"0\" width=\"1728\" height=\"1296\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1296,"width":1728,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1296,"thumbnail_width":1728,"thumbnail_url":"https://cdn.loom.com/assets/img/og/slack-protected-video.gif","duration":280.2693,"title":"Unconverted Convertibles in Exit Waterfall","description":"In this video, I introduce a new feature in ExoWaterfall that addresses how to handle unconverted convertibles, such as convertible notes or safes, during a liquidation event. I explain that the legal agreements dictate how payouts are managed, typically offering either a cash amount or conversion into shares based on specific parameters like discount rates and valuation caps. I’ve built a separate exit waterfall sheet to streamline these calculations, which includes sections for different types of convertibles and their relevant details. I emphasize the importance of reading legal documents to understand the payout structure fully. Please ensure to turn on iterative calculations when using the model for accurate results."}