Thanks again for another great answer. I can see where the legal/regulatory overhead for issuing debt could be a big roadblock. It is my understanding that a

Thanks again for another great answer. I can see where the legal/regulatory overhead for issuing debt could be a big roadblock. It is my understanding that a lot of early stage financing is 'convertible debt', with the idea to convert it into equity at a later time. I wonder how often start-ups decide to pay off this debt from revenue rather than allowing it to convert? Would that be a big no-no?