ProfessorVC: Why I Hate Convertible Debt.Let Me Count the Ways
Professor VC
APRIL 7, 2011
Technically, the start-up is insolvent from the day they take the first dollar of investment. This can make it much more difficult to get any bank financing, new investment, and trade credit. In cases where it is truly a bridge financing (i.e. How Much Diligence is Due. Why Invest in an insolvent company?
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