Behind every venture funding news that you come across, if you look deeper, you will find one thing common in almost all deals - startups issue Compulsorily Convertible Preference Shares (CCPS) to investors, and not equity shares. Your instant thought could be that this must be for convertible rounds where the valuation is unknown and dependent on the next fundraise. However, this is also true for the priced rounds i.e. where the valuation is known and agreed upon. In such ca