Early Stage Finance Open Source Pre-Money Valuation 
Both Sides of the Table
JULY 23, 2014
pre-money valuation you certainly would want to exercise your right to continue investing if you had prorata rights. I highlighted how these tectonic technical shifts have altered the VC industry in this post: How Open-Source & Horizontal Computing Spawned the Micro VC Market. 2007 was the watershed year.
K9 Ventures
MARCH 23, 2011
The convertible note was really intended as an instrument for a “bridge financing” – when an equity round was imminent, and likely to occur, but the company needed some money in between. In that case, it made good sense to have a debt instrument, where the note holder then converted into equity when the financing occurred.
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