#053 Rolling Fun #4: Q4 Portfolio Recap, Crypto Long-view, Uncapped Notes, and Fund Growth
Smart Friends
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What's the Cap on a Convertible Note?
Most convertible notes have a cap on them yeah. An uncapped note makes no mention of the valuation and you just are writing a check blindly and waiting to see what happens which i hate. You might find out that you invested at a ninety million dollar valuation two years after you write a check.
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