Convertible Debt: Worst Form Of Seed Financing — Except For All The Others
Gust
SEPTEMBER 5, 2012
I won’t rehash all of the customary convertible note financing deal terms and points of negotiation here. (For Like any promissory note, it bears interest (usually at a nominal rate) and has a maturity date on which the loan must be repaid if it hasn’t been converted to stock (typically around 18 months).
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