What are the most effective ways for an entrepreneur to argue that a convertible note should be uncapped?
For a sophisticated investor, there are none, because an uncapped note just doesn’t make sense (see my answer to “If a startup’s valuation is $x, how much larger should its cap on a convertible note be?”) For an unsophisticated investor (ie, friends and family) the only argument is that you’re both babes in the woods, and […]
David S. Rose
, Founder and CEO
, GUST INC.
20 Apr 2014