- My Twitter Digest for 06/01/2015 http://t.co/tbhhYMFgvr 15:30:49, 2015-06-02
- GameStop outbids Hot Topic for ThinkGeek parent company purchase | Ars Technica http://t.co/zp6oM0mi2O 18:21:08, 2015-06-02
- Barking up the DOM tree. A modular, progressive, and beautiful Markdown and HTML editor http://t.co/51qUdrpTDF 21:51:25, 2015-06-02
Convertible notes are a founder friendly way to fund a seed round
A convertible note is an investment vehicle often used by seed investors investing in startups who wish to delay establishing a valuation for that startup until a later round of funding or milestone. Convertible notes are structured as loans with the intention of converting to equity. The outstanding balance of the loan is automatically converted to equity at a specific milestone, often at the valuation of a later funding round. In order to compensate the angel investor for the additional risk of investing
Source: Convertible Notes | FundersClub