Series Seed or Convertible Note? Which one is more founder friendly? Which one do investors prefer?
Gust
DECEMBER 18, 2013
That said, the primary entrepreneur-friendly reason for doing a Convertible Note (and the reason that no serious investor under regular circumstances will therefore do an uncapped note) is: The valuation negotiation is put off until the next round. million valuation provided by the 20% discount of the note.
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