The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified 13. The Convertible Note (Bill Payne)
Aug 28, 2014
Venture capital expert Bill Payne joins the host to discuss the key elements and terms of a convertible note. They explore the evolution of convertibles, scenarios where they are more appropriate, and risks and benefits for angel investors. They also cover the timing implications, due diligence approaches, and major elements of a convertible note in startup investing.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 6min
Understanding Convertible Notes in Startup Investment
05:53 • 19min
Key Terms and Elements of a Convertible Note for Investors
25:07 • 2min
Timing and Motivation for Early Investments
27:07 • 2min
The Use of Escrow and Importance of Closing in Investments
28:55 • 4min
Comparing Due Diligence Approaches
33:14 • 4min
Understanding the Elements of a Convertible Note in Startup Investing
37:32 • 18min