Bridge Financing Burn Rate Entrepreneur Sales 
Both Sides of the Table
MAY 23, 2010
a loan) that is later converted to equity at the time of the next financing. If no financing happened then this “note&# may not be converted and thus would be senior to the equity of the company in the case of a bankruptcy or asset sale. So my view is that VCs and entrepreneurs need to make tougher choices.
Professor VC
APRIL 7, 2011
This will also serve as a good pointer for all the entrepreneurs who ask why I am not interested in their company led convertible note financing round. Ive seen a number of entrepreneurs, angels and VCs fall into the trap of providing debt in small pieces. In cases where it is truly a bridge financing (i.e.
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