Convertible Notes and Valuation Caps

13 Oct

I’m still really new to the raising money game. I’ve read and researched a lot about it, but just now getting into actually doing it. There’s so much to learn and know about it, it’s refreshing to run across blog posts that clearly explain the core pieces to some deals. Martin Kleppmann does exactly that with convertible notes and valuation caps here: http://martin.kleppmann.com/2010/05/05/valuation-caps-on-convertible-notes-explained-with-graphs.html

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