A Convertible Note is a simple promissory note, usually bearing interest and payable at some future date. The conversion into equity is usually at a valuation that is consistent with the valuation agreed to with investors in an investment round that occurs at a later time.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
They are popular among startups in Cincinnati and beyond, especially those in the early stages looking to attract venture capital without the hassle of setting a market valuation.
You bet! Negotiating the terms is like bargaining at a flea market; it’s all about finding a middle ground that works for both sides.
Absolutely, like any investment, there's a gamble involved! If the startup tanks, those notes might not convert into anything of value.
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