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A primer on convertible notes, convertible securities, and equity

Hippoland

Raising money on a convertible note is fast — you get your money as soon as an investor signs. There are a lot of convertible note templates on the internet.) Convertible notes are basically a simple document that is effectively a loan. This is another deterrent to investors investing on a convertible note.

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Should you raise on convertible notes or do an equity round?

Hippoland

Since this is a hefty topic that we could discuss for days, in this post I’ll aim to cover just the pros and cons of each from a founder’s perspective and will NOT cover: What is a convertible note, equity, or convertible security ? In general, I’m a big fan of convertible notes or convertible securities for seed stage founders.

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