Aggregator Conversion Early Stage Preferred Stock 
Feld Thoughts
SEPTEMBER 27, 2011
Some sort of conversion does occur. In the case of an early-stage startup that hasn’t issued preferred stock yet, the debt converts into stock of the acquiring company (if it’s a stock deal) at a valuation subject to a cap.
Startup Company Lawyer
JANUARY 9, 2011
Convertible debt with a price cap seems to be the preferred structure for early-stage financings. Over the last 12 months, I’ve noticed a trend where early-stage startup companies raise seed financings of between $250K and $1M using a convertible note with a price cap.
www.vccafe.com
MARCH 11, 2013
VC Cafe covers early stage Israeli and European tech & mobile startups. GetSatisfaction - conversations between companies / customers. NESTA : They invest in early-stage companies, inform and shape policy, and deliver practical programs that inspire others to solve the big challenges of the future. aggregation.
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