Startups and VCs Should Avoid “Pier” Funding
Both Sides of the Table
MAY 23, 2010
Maybe the market views this as not worth the price you paid? The industry jargon for convertible debt is a “bridge loan&# or “bridge financing.&# It’s called a bridge loan because it’s meant to provide enough capital to bridge you from your last round of funding until your next round of funding.
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