13. The Convertible Note (Bill Payne)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified · Nick Moran
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Show Notes
Bill Payne joins Nick on The Full Ratchet to discuss the Convertible Note including: What is a Convertible Note? What are it's key elements and terms that are often negotiated? When did convertibles first begin to be used and why? Can you explain how the cap, discount and interest rate work? Can...
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