Convertible Notes

The new money is purchasing so what does that mean? They get a step up in liquidation preference if they convert it at eighty cents per share. These investors took more risk than the later investors. And now the safe was named safe. It feels really safe a founder. But having been both of these things, i have seen the safes not be completely safe for the investors. One of those issues is the conversion date. When i do a convertible note, we say in twenty four months, i think it's the standard. We're going to either have the option as the investors to take our money back, never happens.