Knowledge Is Power: Convertible Note Financing Terms, Part I
Gust
SEPTEMBER 29, 2011
For a traditional VC financing round structured as a sale of preferred stock, the best resources I can recommend are the Term Sheet Series by Brad Feld and Jason Mendelson and Startup Company Lawyer by Yokum Taku. Unlike a mortgage or many types of conventional business debt, the note is usually not secured by any kind of collateral.
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