Even convertible debt can be dangerous if you don't raise a Series A before the debt comes due. The solution is to negotiate the right to convert the debt to equity at the company's option if the Series A doesn't occur before the debt comes due. We'll discuss this in an upcoming hack.
Even convertible debt can be dangerous if you don't raise a Series A before the debt comes due. The solution is to negotiate the right to convert the debt to equity at the company's option if the Series A doesn't occur before the debt comes due. We'll discuss this in an upcoming hack.