4 ms·
How can there be a convertible note without incorporation?
by n00b101 11y ago
How can there be a convertible note without incorporation?
- Kinnard 11y agoYou don't have to be incorporated to apply and be selected. But you do have to be incorporated to accept the deal and the money.
- Inthenameofmine 11y agoAah, this makes a lot more sense. Still, the questions remains. Does it need to be a US C Corp?
- Kinnard 11y agoThat's still unclear from https://news.ycombinator.com/item?id=10975187 https://news.ycombinator.com/item?id=10975187 I'd guess yes but perhaps Kevin can ring in.
- mattkrisiloff 11y agoTeams have to incorporate, though they don't have to be incorporated yet to apply. There are a couple instances with F2 where we've allowed international teams to keep their pre-existing co structure, but it's still strongly preferred that teams are Delaware C Corporations.