You own 100% of your company. You negotiate a $500,000 Convertible Debt Loan from an Angel group. It is convertible Debt loan from an Angel group. It is convertible into stock when you raise your next equity round, and will convert at a price which is a 25% discount to the next round's premoney valuation. It has a Cap of $7m on the Conversion Valuation. A year later, you raise your first equity round at a premoney valuation of $8m. what percent of your company has the lender converted its loan into?