What is Convertible note?
A loan that turns into equity later, used to take money now and price the company later.
Funding
The definition
A loan from an investor that converts into equity later, usually at the next funding round.
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Questions people ask
What is Convertible note?
A loan from an investor that converts into equity later, usually at the next funding round. A loan that turns into equity later, used to take money now and price the company later.