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The tutorial discusses different ownership rights related to shares, specifically focusing on common and preferred shares in equity. When incorporating a company, founders may authorize a large number of shares (e.g., 10 million), but often do not know the company's value at the early stages, which may include no revenue or product. This uncertainty complicates raising funds since they can't determine a share price. To address this challenge, the concept of convertible instruments is introduced, which allows raising money while deferring the actual share price determination until a later stage. This financial tool helps facilitate investment even when the company's worth is unclear.
