Yeti Data offered a 30-20-10% decaying discount on its convertible note
Victor Szczerba · 832: SaaS: Machine Learning and AI for Re-Engaging Customers, $250k ACV and $1.5m Raised · Nov 3, 2017 · at 8:39
Victor Szczerba, CEO of Yeti Data, explains the discount structure used in the company's early convertible debt fundraising round.
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“So, 30% discount if you discount, if you came in in the first 30 days of fundraising, then 20% in the second day, and then 10% after that.”
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