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Navigating SAFEs, Pay-to-Play Rounds & Risks with Becki DeGraw | Wilson Sonsini Startup Legal Basics
This Week in Startups
Convertible Notes and the Path Forward
The most convertible notes that the point of the maturity date is not that the investors are actually going to come in and call the note and. Put the company into you know and insolvent position but it's a forcing function for the parties to come back to the table. To explain to founders just so they understand investors who listen to the program let's say you put a hundred thousand and you have this 8%. Okay every year that goes by let's take it takes 3 years or let's make it 10% so it's a breeze. Now it's at 110 then it's at 121 then it’s at 100 and whatever that is you know 133 or something. You've got 30
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