How Do Priced Rounds Work?

There are start uf school video lectures that you guys can watch to hear a ton more about the safe. The safe is only five pages long, has a word simple and it rigtes, actually really easy to read. So then the question is a, when do priced rounds happen? They are still the primary way that start ups raise money. But built into the safe and other convertible securities like promissory notes, is the whole concept that ally, the company is going to do a priced round,. Those convertible securities are going to convert into that priced round.