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Number (4): Everything in this space must add up to 4. The answer is 2-6, placed horizontally; 2-4, placed vertically.
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But since these rounds are frequently oversubscribed, startups have found a way to accommodate the excess interest: Rather than turning away eager investors, they allow them to participate immediately, but at a significantly higher price. These investors are willing to pay that premium because it is the only way to secure a spot on a high-demand cap table.