Category: cash-crunched

More cash-crunched companies turn to convertible notes
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More cash-crunched companies turn to convertible notes

Convertible notes are not just for early stage startups any more. These promissory notes, which are structured as debt that convert into equity upon a specific event like a certain date or the closing of a priced investment round, are increasingly being adopted by established companies that have already raised millions of dollars in venture…

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