To Better Days

Tuesday, October 14th, 2008

It’s mid-October and there’s been a good deal of traffic regarding the market and its impact on venture-backed companies.   Several of these pieces have received broad distribution and have trickled down, perhaps to unintended and inappropriate recipients.  I think they’ve exacerbated the warranted alarm brought on by the public markets. Early-stage ...

Convertible Notes, When to Use Them, How to Structure Them and Why Investors Hate Them

Monday, May 12th, 2008

Ahhhh, convertible notes. So easy to use, such a comfortable way to avoid the “v” discussion (valuation), so simple to understand. But why aren’t they universally loved? Let’s think about convertible notes in two classes – standard and “true convertibles”. Standard notes are used more often than ...