Raising Startup Capital Through Convertible Debt Financing
Business Plan Blog
NOVEMBER 13, 2013
Bridge notes/loans are an example of convertible debt. Convertible debt provides startups with a relatively easy way to procure financing. Various terms such as price cap, discount, conversion to equity, etc., Pros and Cons of Convertible Debt. Example: An angel investor contributes $300,000 convertible note to a startup.
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