I see a Common Stock round for each of my companies, but I didn't create them. Why are they there?

Seraf automatically creates a common stock round for each company because all companies have an initial capitalization structure to reflect the split of ownership between founders and for option exercises to convert into.  This way if you receive options or warrants convertible into common stock, the round is already created for you and does not need to be created. Likewise, if your preferred shares convert into to common stock, the common stock round is already created.  

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