Convertible Debt: Worst Form Of Seed Financing — Except For All The Others
Gust
SEPTEMBER 5, 2012
Turn the question on its head: How could it make sense to lend money to a brand new, seed-stage company with no revenue, no products, and no collateral? (You In that sense it’s more like a warrant or option with a zero exercise price.). How can this possibly make sense? You won’t see banks doing that.)
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