Thoughts on startups by investors that
fund them & entrepreneurs that run them

Blog Archives

Convertible Notes have a clause that the investor can ask for the money back. How often is this used?

The question should be “used for what?”

Because convertible notes are designed to give investors an equity interest in a company that will eventually be worth much more than their investment, the intention on their part is always to convert into equity (after all, if they were just after the interest on a loan, they could find much less risky

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What is it like to lose all of your investors’ money?

I’ve been on both sides of this event, and believe me, it is not fun. But it is, unfortunately, a virtually inextricable part of the entrepreneurial life, and what matters most (at least in the US, where entrepreneurship—and even valiant failure—is celebrated rather than reviled) is how you deal with it.

I am one of the more upbeat, positive-thinking people

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