Convertible Equity, A Better Alternative To Convertible Debt?
techcrunch.com
SEPTEMBER 2, 2012
As a refresher, a convertible note is a loan that automatically converts into equity upon the closing of a Series A round of financing. Second, the debt note requires a fixed due date (or “maturity date”) for repayment of the total amount borrowed, plus interest. Sometimes these loans have a valuation cap and/or a discount.
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