The convertible-note tag has no wiki summary.
3
votes
4answers
4k views
I am looking for a simple investor agreement for a convertible note
Our self-funding is running out within 2 months and we are probably a month to 4 months away from revenue. We hope we won't need financing, but we have to be prepared.
I've already spoken with a ...
3
votes
1answer
602 views
term sheet vs convertible note
I have been talking to the people in angel circles and it seems that everyone takes only term sheets; and convertible notes are almost like an insult.
My questions is: when I can start offering ...
3
votes
2answers
205 views
Question about convertible notes
When a startup uses a convertible note to raise funding and the note is convertible upon closing of Series A round. Can the startup just pay back the money? Even if there's no mention of buy back in ...
3
votes
1answer
221 views
Seed Stage - Structuring Convertible Note With Cap
I am looking to raise roughly 30k for product development-marketing in the launch of a tech startup. I will be raising the money primarily from people I know with a few contacts that I don't. They ...
2
votes
4answers
600 views
stock options or convertible notes?
I will be joining as a senior developer on a startup and I will be working 20 hours a week remotely. I have a day job which pays my bills now.
The company is not funded yet so we will not be given ...
2
votes
3answers
781 views
Can S Corporations issue convertible notes/debt?
I was reading this answer and am a little confused - how is convertible debt precluded by being an S corp? (rather than C corp)
Is this just an overstatement? I understand that one typically would ...
2
votes
4answers
103 views
How have you gone about creating your convertible note?
My startup company has put together a group of friends and family investors who will be investing in the form of a convertible note. I've done quite a bit of research on convertible notes, but am ...
1
vote
1answer
294 views
What business structure should I have if I want to offer convertible debt notes?
I'm thinking about forming a single-member LLC (in the US), but I've never done convertible debt notes (bonds) before, so I don't know what impact that would have on my business structure. Is there ...
1
vote
2answers
126 views
Can you issue a Convertible Note to be converted prior to series A?
Situation:
Closed initial kick-start seed investment with angel investor. Deal was done on an equity basis equaling a postmoney valuation of 400k.
Have a few FFF who would like to invest small ...
1
vote
1answer
339 views
Reached verbal agreement with angel for convertible note - questions about typical loan period interest rate
We've done this a little differently than what I've been reading about in that we actually placed a valuation on the company (based pretty much on the work that has been done and the effort it would ...
0
votes
1answer
122 views
When one of three founders add a capital round alone, how should he be compensated? Note or Equity
We have a startup with 3 co-founders each having 33.3% of the company. So far we have raised 100k internally and split it 3 ways. Now we wanted to raise another 100k round internally. If one founders ...
