Thursday, May 29th, 2008 One the most common discussions we have with entrepreneurs relates to valuation of their A round. Series A stock is quite difficult to value - the company typically has no revenues, the team is incomplete, the story is compelling. These factors mash against each other on the whiteboard ...
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Monday, May 12th, 2008 Ahhhh, convertible notes. So easy to use, such a comfortable way to avoid the “v” discussion (valuation), so simple to understand. But why aren’t they universally loved?Let’s think about convertible notes in two classes – standard and “true convertibles”. Standard notes are used more often than ...
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