Convertible Debt: Worst Form Of Seed Financing — Except For All The Others
Gust
SEPTEMBER 5, 2012
Angel investors don’t expect to get repaid, nor do they really want to get repaid; the return on their investment, if the startup proves a success, will come in conversion to equity followed by an eventual liquidity event (sale or IPO of the company), with a return of at least 5x or 10x the initial investment if all goes well.
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