💷 Convertible Note
A convertible note is a loan that converts to equity in a company if certain conditions are met. The conditions are typically that the company raises additional funding from investors at a higher valuation. The loan may have a maturity date or may be due on demand.
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Associated business activities
Raise convertible debt funding
Convertible debt is a type of loan that can be converted into equity, making it an attractive option for startups that are looking for funding but may not be able to obtain traditional financing.
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