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To: Lizzie Tudor who wrote (63603)4/17/2003 8:40:05 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 77400
 
“Apex Investment Partners (A): April 1995,” Harvard Business School Case 9-296-027.

“Apex Investment Partners (B): May 1995,” Harvard Business School Case 9-296-028 (with Sanjiv Das).

It's a famous case, always one of the most popular with the HBS students.

Morgan Stanley packaged the B round as a down round by issuing "units" that encompassed a warrant that valued the equity lower vis as vis Black Scholes.