Jun 15
How SAFEs and convertible notes let startups raise early money without setting a valuation, with a clear look at caps, discounts, conversion, and hidden dilution.
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How SAFEs and convertible notes let startups raise early money without setting a valuation, with a clear look at caps, discounts, conversion, and hidden dilution.
Convertible Note Roundup: Bridging the Gap for Startups and Investors
The entrepreneurial journey is paved with exciting challenges and crucial decisions. One of the most significant concerns during the early stages is funding. Bootstrapping can only take you so far, and external capital injections become essential for propelling your venture forward. However, navigating the world of financing, especially for young startups, can be daunting. This is where convertible notes come into play, offering a flexible and efficient way to secure early-stage funding.
An uncanny energy fuels the sale of a mysterious convertible note. It can be transformed into whatever is desired, but carries the weight of a prior sale. Its true value seems to be something more than the payment received in full for the Alta Mesa ISR project. It embodies the shadowy, enigmatic power of knowledge, and the secrets that are revealed when it is used.
Explore the differences between convertible notes and SAFEs in startup funding. Understand Debt vs. equity, terms, and how they impact early
We need to destigmatize down rounds in 2023
We need to destigmatize down rounds in 2023
Holden Spaht Contributor Share on Twitter Holden Spaht is a managing partner at private equity firm Thoma Bravo. A new year is upon us, and with it comes uncertain, and uncomfortable, market conditions. Accompanying those conditions are equally uncomfortable decisions. For startup founders, determining which path is right for their business may require fundamentally rethinking the way they…
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Our weekly pitch show is back, and the investors are looking for answers.
I'm not a fan of convertible notes...
I’m not a fan of convertible notes…
I’ve been asked for opinions on convertible notes in seed rounds consistently for the past 10+ years. I’m going to just say it again. I am NOT a fan of convertible notes in seed rounds – I will always defer to founders wishes – but I strongly prefer to avoid convertible notes in seed rounds. The reasons are many and varied – Fred Wilson articulates them very clearly in his post here. I…
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Raccogliere una Convertible Note su una Startup Innovativa
Parlando con i founder delle startup italiane, mi sono accorto che spesso mancano di una serie di competenze di base che dovrebbero essere date per assodate. Con questo post voglio dare il via ad una serie intitolata “Startup 101”, dedicata alla condivisione dei concetti di base, nella speranza di poter essere di aiuto a tante startup del paese affinchè partano con il piede giusto. L’avvio di…
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