There have been market rumors that the round would be
structured as convertible debt rather than preferred equity, although those rumors also were married to a $ 25 billion valuation.
The form of investment is dependent on the company's relative maturity with seed stage investments typically
structured as convertible notes while early stage companies issue preferred equity in exchange for investor funds.
My situation is similar to Charliehatfield's as described above — I'd like to do seed financing from family and friends, and want to
structure it as convertible debt.
Not exact matches
Instead,
structure the investment
as convertible debt: a loan that gets swapped for equity in the next big round of financing, says David Cohen, a venture capital investor and CEO of TechStars, a Boulder, Colorado - based angel fund.
And frankly I feel he overstates the potential harm of
convertible debt, which if properly
structured acts mostly
as an equity instrument anyways.
The typical
convertible note agreement was usually
structured so the angel investors received the same type of shares
as the VC's, but at a pre-agreed discount to the next round.
The most striking feature of the 2015 Corvette Z06
Convertible is the high - tech, all - aluminum futuristic frame
structure boasting improved stiffness and strength
as well
as reduced weight.
In this case, the Solara's body
structure is not
as stiff
as other
convertibles in its class.
The 2014 Corvette Stingray coupe goes on sale this fall, with a
convertible following by the end of the year — each sharing an all - new aluminum frame
structure and enhanced chassis,
as well
as completely new exterior and interior designs.
This also poses the necessity for one to understand that, with a
convertible soft - top, the automaker is required to reinforce the
structure of the car so
as to provide it with the rigidity that has been compromised due to the lack of a fixed metal roof.
While the coupe's body
structure is approximately 31 percent stiffer than the previous Mustang platform, the
convertible's is more than twice
as stiff — creating a
structure that helps protect the cabin from deformation and intrusion in an impact.
Although
as one of the important take aways, I was surprised how complicated a capital
structure of a succesful start - up can be after several rounds of funding with different liquidation preference rights,
convertible debt elements etc..
Offerings in which we are involved regularly include
convertible and exchangeable securities and other equity linked products,
as well
as equity and
structured products.
Achieve Savings: In a term plan, the mortality charges increases
as your age advances, so the flat premium
structure of the term plan with a
convertible option helps you to contribute the larger amounts towards the savings.
You can think of the
structure as something similar to
convertible debt.