Should you raise on convertible notes or do an equity round?
Hippoland
AUGUST 17, 2016
A reader named Turner Dean recently asked me whether it’s better to raise seed money on convertible notes or straight-up equity. Since this is a hefty topic that we could discuss for days, in this post I’ll aim to cover just the pros and cons of each from a founder’s perspective and will NOT cover: What is a convertible note, equity, or convertible security ?
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