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 ...