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Why is it more common? One would expect angels and VCs to tend the other way (buying options and warrants, instead of making loans).
by byrneseyeview 19y ago
Why is it more common? One would expect angels and VCs to tend the other way (buying options and warrants, instead of making loans).
- pg 19y agoIt's only nominally a loan. I think the main attraction to angels is that it protects them from VCs. They convert into the series A round alongside the VCs as the same class of investor.