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Navigating SAFEs, Pay-to-Play Rounds & Risks with Becki DeGraw | Wilson Sonsini Startup Legal Basics
This Week in Startups
The Benefits of Convertible Notes
The convertible note is debt which means if there's any dissolution any liquidation any sale the company debt is number one in line prior to any equity. It also has a maturity date that safe do not have this is like the the forcing function from an investor perspective right? The safe can just hang out there for as long and they want and they do. I'm sure they start you personally know that.
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