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by AdeoRessi
5574 days ago
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Right now, Paul, convertible debt is not a problem today and was not a problem in 2010. Most startups with debt negotiate an extension when the note comes due if there is not a Series A. However, the amount of debt is ballooning, and there are many new angel investors entering the market. The signals are not good. This is a preventable problem with a better angel investment structure that gets widely adopted. I am just pointing out the problem. |
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