3 ms·
This type of convertible note you're describing is almost never used these days. As I VC I talked 1000s of companies fundraising and it was not something found
by nylonstrung 3y ago
This type of convertible note you're describing is almost never used these days.
As I VC I talked 1000s of companies fundraising and it was not something founders ever sought out
SAFEs are almost always the alternative to priced rounds
- svnt 3y agoAs a VC you would be talking to people seeking priced rounds, not convertible debt. Angels started using SAFEs because YC started pushing them. It doesn’t mean that convertible notes aren’t better for founders. Founders will conform to the market.