it really depends. in my experience, convertible notes are either for lamer startups (nobody wants to lead) or very hot ones (startup gets to demand terms) wit

it really depends. in my experience, convertible notes are either for lamer startups (nobody wants to lead) or very hot ones (startup gets to demand terms) with equity in between. as an investor, i would MUCH prefer a capped note or equity to a merely discounted note (i want the earliest pricing.) as an entrepreneur, i would prefer the convertible, of course.