An Insider’s Guide to Convertible Debt vs. Equity
SaaStr
JUNE 13, 2021
If I invest as a VC in convertible debt, and I don’t know what the terms are (they are set later), and I don’t know how much I own (who knows how much you will sell, and how much I’ll own), and the Next VC can just change all the terms anyway (see example above) … I just won’t care as much. Or whatever.
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