Be Careful with Convertible Notes: Your SAFE May Hurt You
Convertible notes and convertible equity instruments, like Simple Agreement for Future Equity (SAFE), are supposed to be simple,...
Exploring Venture Debt: Benefits, Risks, and Tradeoffs
Everybody knows what venture capital is, but many entrepreneurs are fuzzier about its loan-based cousin, venture debt. Venture debt has...
Top 5 Things to Consider Before Getting Convertible Debt
The intricacies of convertible debt can seem overwhelming to first-timers, but understanding the fundamentals of convertible debt...
Why Is Convertible Debt so Popular for Early-Stage Startups?
Getting financing for your tech startup during the early, pre-revenue stages is always a challenge. That’s why, for the past decade or...
A Hidden Pitfall of Convertible Debt: Full Ratchet Anti-Dilution Rights
Last week, we covered one little-known problem with convertible debt—unpriced multiple liquidation preferences. Here we’ll look at...
Multiple Liquidation Preferences: The Hidden Trap of Convertible Debt
Many early-stage startups are raising money from angel investors through convertible debt—it’s easy and well-understood, right? Well,...
5 Debt Funding Options for Your SaaS Company
For founders, SaaS means opportunity. The SaaS market is exploding. Analysts project that the global SaaS enterprise application market...
What You Need to Know About Convertible Equity
We field a lot of founder questions on convertible equity. Things like, “What is it?” and “Is it a good funding option for my startup?”...
Valuation Caps: Necessary or Evil?
Are you considering using convertible notes for your next round of fundraising? If so, it’s important to know what a valuation cap...
Convertible Debt: What It Is and How It Works
Founders often have questions about how to use convertible debt as part of their funding strategy. Many want to avoid a valuation...
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