3 ms·
Lots more convertible debt lately, which I am not thrilled about. Or do you mean numbers? Every deal is different.
by joshu 17y ago
Lots more convertible debt lately, which I am not thrilled about.
Or do you mean numbers? Every deal is different.
- royrod 17y agoOk, so (like many/most angels) you like priced deals :) Any other terms, or trends, you care to share? (Roy, "truly junior" beginning angel in Boston)
- agoric 17y agoI've heard of more capped valuations for convertible debt with negotiable interest and discount rates (and no warrant coverage), but also seen some angels openly demanding priced rounds. Are such capped convertible notes a good middle ground for debt that works like equity? Have you seen any that provide an alternative conversion if no priced round follows?
- joshu 17y agoI guess so. I really dislike uncapped notes, obviously. Many notes convert after a fixed period of time.
- budu3 17y agoAre you saying that you're not a fan of convertible debt?
- joshu 17y agoDefinitely not. I'm investing now, let me price it now. I've noticed that both very hot and very cold deals are debt. Hot because they can demand it, and cold because they can't scrape a real round together.