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convertible note

also referred to as: convertible notes

3 statements across 2 episodes · 0 bullish · 0 bearish · 3 people on the record · first statement Jul 10, 2024 by Georgia Grace Edwards · across every show →

Everything said about convertible note, oldest first

Jul 10, 2024 neutral
Disclosure
Edwards: NARA raised $1.5M on an $11M valuation cap convertible note
“The terms that we've raised 1.5 on to date are 25 K minimum and eleven million pre money value cap.”
Georgia Grace Edwards Jul 10, 2024 ▶ 12:38 "From Dorm Room to Patented Zipper Technology: A Licensing Revenue Model in the Making"
Mar 4, 2025 neutral
Insight
Convertible notes are debt; founders must ensure they mandate equity conversion
“Technically a convertible note actually is debt. It is technically an IOU, and sometimes there's this option to take your money back plus interest, and that can often harm the company if, you know, you're raising a lot on convertible notes. So I think the deta…”
Elizabeth Yin Mar 4, 2025 ▶ 23:24 #98 Hello! You’ve Reached The Pitch Helpline
Mar 4, 2025 neutral
Insight
Stacking convertible notes often causes unanticipated and severe equity dilution
“It can often feel like free money until it converts, and then you're trying to figure out all these notes with different caps, and different discount rates, and different interest accrued. Yeah. And all of a sudden you realize you sold off more of your company…”
Hunter Walk Mar 4, 2025 ▶ 24:43 #98 Hello! You’ve Reached The Pitch Helpline
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