The answer is, "it depends". It depends on how the companies investments are structured. For example, if a VC on the A round has a 2x or more liquidation pref

The answer is, "it depends". It depends on how the companies investments are structured. For example, if a VC on the A round has a 2x or more liquidation preference, that can change the distributions significantly. There could also be phantom stock agreements, warrants, notes of various values, etc, that can make a large difference.