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There is one more major flaw to convertible notes for founders: how do you value market price for vested shares when a cofounder is leaving? See this ASK HN pos
by throwaway_cto 12y ago
There is one more major flaw to convertible notes for founders: how do you value market price for vested shares when a cofounder is leaving? See this ASK HN post: https://news.ycombinator.com/item?id=8926028 https://news.ycombinator.com/item?id=8926028
I'm in deep trouble because of this and wish I'd known better...
- zabramow 12y agovery interesting. thanks for sharing.