Convertible Equity, A Better Alternative To Convertible Debt?
techcrunch.com
SEPTEMBER 2, 2012
As a refresher, a convertible note is a loan that automatically converts into equity upon the closing of a Series A round of financing. Although these types of notes are relatively easy and cheap to form, many have argued that these types of vehicles are not startup-friendly for a variety of reasons, which we’ll explain below.
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