Don't Overoptimize Fund Raising

Convertibles are strange. You go to an investor and say, do you believe in the future of my company? And they say, yes, i want to buy a piece of your company. Snot actually equity in your company. It's just not actually delution right at the time. The average document here is three to five pages. When you do equity, it will be three or four documents representing hundreds of pages. Lots of legal ease. But still, read the fine print. Read every fund raising document you ever have to deal with, every last word. Don't over optimize fund raising. As i mentioned, kursey's going to go over the mechanics of raising...