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      "text": "Warrant coverage: How many additional shares the investors can purchase relative to the number of shares they purchase outright—10 percent, 30 percent, or even 100 percent.",
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      "text": "Full dilution: Full dilution counts not only shares that have been issued but also all shares that would be issued if all options and warrants were exercised and other promises or contingent agreements to issue shares were given effect.",
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      "text": "Valuation has Many Aspects: Investors often talk about the pre-money or post-money valuation of a company at the time they invest. If you get a specified percent of the common stock for your investment, and nothing else, this calculation can be straightforward.",
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