
13. The Convertible Note (Bill Payne)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
Understanding the Elements of a Convertible Note in Startup Investing
This chapter of the podcast episode discusses the major elements of a convertible note in startup investing, including the discount, interest rate, cap, triggers, timing, and contingent discounts. The chapter provides explanations and examples of how these elements work in practice, and highlights their importance for both investors and entrepreneurs.
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