There are documents out there that keep the "convertible" concept (i.e. figure out the hard stuff later), but do away with the debt aspect: http://techcrunch.c

There are documents out there that keep the "convertible" concept (i.e. figure out the hard stuff later), but do away with the debt aspect: http://techcrunch.com/2012/08/31/thefunded-founder-institute-and-wilson-sonsini-debut-startup-friendly-seed-financing-vehicle-convertible-equity/ http://techcrunch.com/2012/08/31/thefunded-founder-institute...