Are they comparable? The primary objective of a convertible note lies in securing a favorable share conversion, rather than primarily focusing on the interest r

Are they comparable? The primary objective of a convertible note lies in securing a favorable share conversion, rather than primarily focusing on the interest rate (which can often approach 0%, leading to the emergence of SAFEs). If the obligation involves repaying the note in cash along with interest, instead of settling it via shares plus a supplemental amount stemming from the interest, typically something has gone awry.