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Thanks, i see.. is there a requirement on when to take more funding then? what would happen if the startup didn't take further funding (put remained profitable)

by polshaw 14y ago

Thanks, i see.. is there a requirement on when to take more funding then? what would happen if the startup didn't take further funding (put remained profitable)?

ibdknox 14y ago
If I remember correctly there's a year long grace period after which the investors can choose to force the note to convert. I don't know much about how that works though.