The easiest and fastest way to close early investors.
The Convertible Note is usually the easiest and fastest way to close early stage investors.
Operating like a promissory note, Convertible Notes are a form of short term debt, that at the investors option, can convert to equity at a future financing round. There are numerous advantages to Convertible Notes, namely:
- Standardization. Because Convertible Notes are standardized, there are usually very few specialized terms to negotiate.
- Speed and Efficiency. In comparison to a priced financing round, Convertible Notes can be completed in a very short period of time; as quick as a few hours of negotiation.
- Flexibility. Convertible Notes allow founders to raise whatever amount their business needs to an amount of their choosing.