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You invest in a startups SEED round using a convertible note with a $5 million cap or a 20% discount. The note converts upon the
- You invest in a startups SEED round using a convertible note with a $5 million cap or a 20% discount.
The note converts upon the Series A round, which happens at a $9 million valuation. You invested $250,000 on the convertible note. The funds convert at the pre-money value.
How much is your $250k worth upon conversion?
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Options Trading For Beginners
Authors: Mike Hartley
1st Edition
979-8864514832
