The standard rationale for doing a note is that they're simpler and therefore cheaper to do, which in theory helps both founders and investors (unless anyone th

The standard rationale for doing a note is that they're simpler and therefore cheaper to do, which in theory helps both founders and investors (unless anyone thinks its a good idea to blow startup capital on lawyers). This article was pretty much the most clueless thing I've ever seen written about convertible note financing. Better to just forget you ever saw it.