ProfessorVC: Why I Hate Convertible Debt.Let Me Count the Ways
Professor VC
APRIL 7, 2011
In cases where it is truly a bridge financing (i.e. Others will attempt fire sales. However, using portfolio theory, your losers are going to far outnumber your winners, so taking half or more of the gains out of the winners will have a big impact on the overall returns. So when does convertible debt make sense?
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