Create Structure out of the Gate and You’ll Thank Yourself Later
Feld Thoughts
NOVEMBER 18, 2013
Convertible debt financings have become an increasingly attractive approach for seed rounds because it delays the valuation discussion, costs less from a legal standpoint, and is an easier financial instrument to “keep raising more small amounts of money” on. They close on the $750k, hire a buddy or two, buy some Macs, and get to work.
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