convertible debt

4 statements across 4 episodes · 0 bullish · 3 bearish · 4 people on the record · first statement Oct 9, 2017 by Michael Dearing · across every show →

Everything said about convertible debt, oldest first

Oct 9, 2017 bearish
Opinion
Dearing: Convertible debt seed market is terribly toxic and undisciplined
“On the convertible debt side of the market, I think it's terribly toxic and about as undisciplined as it could possibly be.”
Michael Dearing Oct 9, 2017 ▶ 14:50 20VC: Michael Dearing on 5 Key Principles He Uses To Assess Startup Founders, Why Benevolent Dictatorship Is A Beautiful Thing & Why Markets Are Better Capital Allocators Than CEOs
Feb 23, 2018 negative
Insight
Hutchins: SAFEs and convertible notes create distracting fundraising loops for founders
“Safes, convertible debt, they're all kind of based on future guesses. You kind of figure out the dilution later. It allows for this continual raising process that, you know, I know YC's talked a lot about that I think can be a huge distraction.”
Chris Hutchins Feb 23, 2018 ▶ 13:25 20VC: The Fundamentals Of Optimising The Fundraising Process, SAFE's vs Priced Equity Rounds & Why Hiring Is Really A Big Data Problem with Chris Hutchins, Founder @ Grove & Former Partner @ Google Ventures
May 21, 2018 negative
Opinion
Dan Scheinman prefers priced rounds and SAFEs over convertible debt
“So my ideal preference is to do a price round. My second preference is to do effectively a safe. My dislike is of the convertible debt. I think it's ultimately, it's a lose-lose for both sides when things don't go so well.”
Dan Scheinman May 21, 2018 ▶ 20:09 20VC: Why The Days of Spray and Pray at Seed Are Over, How To Compete In A World of Sequoia Seed Funds & Why Price Doesn't Matter with Dan Scheinman, Angel Investor @ Zoom & Arista Networks
Jun 23, 2025 neutral
Disclosure
Reck: GetYourGuide raised $100M in convertible debt during COVID
“We raised some convertible debt. On top, we raised roughly a hundred million, both from existing and some new investors.”
Johannes Reck Jun 23, 2025 ▶ 46:18 GetYourGuide CEO & Founder, Johannes Reck: The Wild Story Raising $450M From Masa and Softbank · 20VC with Harry Stebbings
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