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13. The Convertible Note (Bill Payne)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

CHAPTER

Key Terms and Elements of a Convertible Note for Investors

This chapter explores the key terms and elements of a convertible note that investors should consider, including the appropriate cap and discount, as well as triggering issues such as debt termination and fundraising timeframe.

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