Convertible Note Basics
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Are you scratching your head trying to figure out how convertible notes work? They are form of convertible security that is so commonly used for pre-seed and seed rounds of funding that every startup should understand them so that an appropriate set of terms can be incorporated.
This article includes an explanation of how convertible notes work and I’ve even included a quiz to test your knowledge and an FAQ to help you prepare for the most common questions investors ask, especially those that aren’t familiar with convertible notes.
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