About Angel Investors

4. Convertible notes typically earn accrued interest, which can go unpaid but affects the value of the security at conversion. True False Uncertain 5. As a practical matter, the distinction between SAFEs and convertible notes is important because one is equity-like and one is debt-like. True False Uncertain 6. The convertible note typically does not require the interest to be repaid unless the note is converted into equity. True False Uncertain