To compensate
convertible note holders for the additional risk assumed with investing at an early stage, most
convertible notes feature a conversion price below that
of the subsequent financing round through the use
of a valuation cap or a discount on the purchase price.
The model «
Convertible Security» Yokum has published also incorporates that clever feature of more sophisticated note templates, whereby the holder of the convertible instrument gets no more preferred equity for her investment than does the new money in the Qualified Financing, and takes her discount in the form of com
Convertible Security» Yokum has published also incorporates that clever
feature of more sophisticated
note templates, whereby the holder
of the
convertible instrument gets no more preferred equity for her investment than does the new money in the Qualified Financing, and takes her discount in the form of com
convertible instrument gets no more preferred equity for her investment than does the new money in the Qualified Financing, and takes her discount in the form
of common shares.
It runs the same full -
featured Chrome OS already found on existing tablet
convertibles with a dock at the bottom
of the screen that
features touch tools for quickly creating a
note, taking a screenshot, and magnifying.