Image imported from derpibooru 
Original Description:
 
Finally done, it’s not the best at the near end (because I already finished this comic ahead of time) so I have to follow it.
 
So what is going on?
 
Well, Dracula’s in a dream that is why there is light around him.
 
MY idea of how Dracula was as a child,  
was that he trained by his teacher as well as his father
 
And he was like any child, scared and complaining.
 
Of course, he gets yelled at he tries but gets hurt; he cries to his dad, his dad gave him a speech that Dracula took to heart.
 
for better or for worse
 
the words here connect to what he says in the book
 
As well as another thing, his mother says later on.
 
Dracula toughens up and succeeds.
 
and Dracula is proud of this memory
 
And yes I see Dracula first being a Pegasus before being a bat pony.
 
this comic took a while but, I finished  
I hope you like it I say this is MY interpretation like this, so you know is what I think because this is what I get from what Dracula says so, this is CANON to the AU.
 
Again I hope you enjoy
 
as for that other student Pegasus, his wings are behind him in the last panel he’s in.