video1.0<iframe src="https://www.loom.com/embed/cfe574a38b1145c788859c61b8e09d6f" frameborder="0" width="1728" height="1296" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>12961728Loomhttps://www.loom.com12961728https://cdn.loom.com/sessions/thumbnails/cfe574a38b1145c788859c61b8e09d6f-185c9e2c1cb07d99.gif669.124In this video, I explain the complexities of dealing with convertible note holders who haven't received shares yet and how it impacts the cap table structure. I delve into scenarios involving liquidation preferences, common share conversions, and different exit values. Viewers will learn about calculating share prices, handling valuation caps, and making decisions between liquidation preferences and common shares. No specific action is requested from viewers.