What is a convertible note in startup funding?

angelschool

New member
what is a convertible note is a short-term debt instrument used by startups to raise early-stage capital. Instead of being repaid in cash, the investment converts into equity during a future funding round, usually at a discounted price or with a valuation cap. Educational resources from Angel School help founders and investors understand how convertible notes work in startup financing.
 
Back
Top