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The article discusses convertible debt. Even convertible debt can be dangerous if you don't raise a Series A before the debt comes due. The solution is to nego
by nivi 19y ago
The article discusses convertible debt.
Even convertible debt can be dangerous if you don't raise a Series A before the debt comes due. The solution is to negotiate the right to convert the debt to equity at the company's option if the Series A doesn't occur before the debt comes due. We'll discuss this in an upcoming hack.