Convertible Note
A convertible note is short-term startup debt with interest and a maturity date that converts into equity when a future priced round closes.
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A convertible note is short-term startup debt with interest and a maturity date that converts into equity when a future priced round closes.
The structured investigation an investor conducts before closing a deal, covering financials, legal, product, team, and market validity.
A Letter of Intent is a non-binding document expressing intent to enter an agreement, used in B2B sales and M&A transactions.
The right of preferred investors to be paid back before common shareholders in a liquidation or sale event, protecting downside.
A SAFE lets investors fund startups in exchange for future equity, with no interest rate or maturity date. Created by Y Combinator in 2013.
A term sheet is a non-binding document outlining the key terms of a VC investment deal before formal legal agreements are drafted.
A founder's guide to every clause in a VC term sheet — valuation, liquidation preference, anti-dilution, board control, and what to actually negotiate.
Four legal decisions — incorporation, co-founder equity, IP assignment, and the 83(b) election — can make or break your company. Get them right early.