AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#053 Rolling Fun #4: Q4 Portfolio Recap, Crypto Long-view, Uncapped Notes, and Fund Growth
Smart Friends
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.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode