A reverse convertible note (RCN) offers high yields but comes with significant risks. Learn how this short-term investment, ...
You’re a few months into building. You have early users, a half-working product, and one investor asking for your “valuation expectations.” You have no idea what to say. A friend tells you to “just ...
You finally have investor interest. A couple of angels like the idea, one says “We usually do SAFEs,” another asks if you’re open to a convertible note, and suddenly you’re deep in legal blog posts at ...
Conversion may occur earlier if a certain event occurs. This event, as with a SAFE (simple agreement for future equity), is usually referred to as the equity financing round. In the venture world, ...