When you discuss total equity raised to date, do you include yet-to-be-converted convertible debt, seeing as that will become equity upon any subsequent liquidity event?

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It depends on the scenario. When talking to new investors it is best to show in a separate worksheet and have a separate folder with necessary documentation for due diligence.

Yes, list total convertible debt as a separate line item when presenting debt data. During DD present all of it with conversion terms.

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