For those interested in this topic, I suggest reading &#x27;Venture Deals&#x27; by Brad Feld. While it&#x27;s broader than this topic, it does cover some of the legal&#x2F;technical elements of vc funding and exits, which help when trying to understand outcomes such as this (i.e., preferred vs common shares, etc).
<a href="http:&#x2F;&#x2F;www.amazon.com&#x2F;Venture-Deals-Smarter-Lawyer-Capitalist&#x2F;dp&#x2F;1118443616" rel="nofollow">http:&#x2F;&#x2F;www.amazon.com&#x2F;Venture-Deals-Smarter-Lawyer-Capitalis...</a>