Besides a convertible that requires a little bit of work is better
than no convertible at all!
Not exact matches
When you do a
convertible note with a cap that converts into the next round of funding one of the unintended consequences is that if you're successful and raise
at a larger price
than your cap the early angels often get «multiple liquidation preferences» on their dollars in.
Conversion of preferred stock occurs automatically and immediately upon the earlier to occur of the closing of a firm commitment underwritten public offering pursuant to an effective registration statement filed covering the offer and sale of common stock in which (i) the aggregate public offering price equals or exceeds $ 25 million, (ii) with respect to the Series F
convertible preferred stock only, the public offer price per share of which is not less
than one times the original issue price of the Series F
convertible preferred stock, (iii) with respect to the Series E
convertible preferred stock only, the public offer price per share of which is not less
than one times the original issue price of the Series E
convertible preferred stock and (iv) with respect to the Series D
convertible preferred stock only, the initial public offering price per share of which is not less
than two times the original price of preferred stock, or the date specified by holders of
at least 60 % of the then outstanding Series B
convertible preferred stock, Series C
convertible preferred stock, Series D
convertible preferred stock, Series E
convertible preferred stock, Series F
convertible preferred stock and Series G
convertible preferred stock, provided however, that in the event that the holders of
at least 65 % of the then outstanding shares of holders Series G
convertible preferred stock,
at least a majority of the then outstanding shares of Series F
convertible preferred stock or
at least of 65 % of the then outstanding share of Series E
convertible preferred stock do not consent or agree to the conversion, conversion shall not be effective to any shares of the relevant series of Series G
convertible preferred stock, Series F
convertible preferred stock or Series E
convertible preferred stock for which the approval threshold was not achieved.
The Series A Preferred shall also be
convertible into any future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock equity financing in which the Company's fully diluted pre-money valuation is greater
than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment)
at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert into shares of Future Preferred only in the event that all of such shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later
than 90 days following the first closing of the Future Financing
at a price per share no lower
than the price per share
at which the Company sells shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.
The YC documents are probably fine in situations where the investor (i) wishes to purchase equity rather
than convertible debt, (ii) is otherwise somewhat indifferent on terms other
than percentage ownership of the company, liquidation preference and right of first offer in future financings, (iii) is investing
at a fairly low valuation (i.e. a couple of million dollars), and (iv) is only investing a small amount (i.e. a couple hundred thousand dollars or less).
However, I believe that companies are generally better off with
convertible debt rather
than an equity financing
at a low valuation.
These tend to be
at the lower end of the price range since their design is a bit simpler
than the
convertible car seat.
With a higher weight capacity
than most other car seats on the market today, with a forward - facing limit of 65 pounds, the Britax USA Advocate ClickTight is a
convertible car seat that is perfect for the family who doesn't like to stay
at home.
The suspension springs and anti-roll bars have also been modified for use in the
convertible, which tips the scales
at 4,268 lb — up more
than 1,000 lb compared to an Evoque two - door.
I've had a dew MINIs - Cooper, Cooper
Convertible, Cooper S, JCW Clubman, Cooper S Countryman - some better
than others but all entertaining to drive and good to own (except the Clubman which had a clutch failure
at 40,000 miles that led to a drawn out warranty dispute).
At least this i8
convertible looks interesting rather
than generic.
Owing to its considerably superior horsepower rating and sportier chassis, the 2015 Jaguar F - Type R coupe costs more
than a V8 S
convertible, coming in
at $ 99,895 compared with «just» $ 92,895 for the 495 - hp softtop model.
Prices will start
at # 76,675, which is # 8650 more
than a standard Competition Pack M4
Convertible fitted with DCT.
Altogether this little lot takes the price of the
convertible 370Z from # 32,050 to # 38,836, and that, impressively, is still less
than the basic price of the Z4 35i, Mercedes SLK350 and Porsche Boxster S, all of which have
at least 20bhp less power
than the 326bhp Nissan.
«
At a party I attended last weekend, our Beetle
convertible collected more compliments
than any car in recent memory,» reported managing editor of digital platforms Jennifer Misaros.
With styling similar to the FT - 86 Open concept first unveiled
at the 2013 Geneva show, the FR - S
convertible will reportedly feature a power - operated soft - top that will add more
than 60 pounds of mass, necessitating some minor suspension tuning.
More still if you want to drop the roof - the Mini Cooper
Convertible begins
at # 18,765, or # 2990 more
than the three - door hatch and # 270 more
than a basic Mazda MX - 5 1.5...
For example, this new 435i
Convertible is a whopping 230 kg heavier
than its coupe sibling, tipping the scales
at a hefty 1740 kg.
At 3,428 pounds (3,487 for the
convertible), the Grand Sport is 100 pounds lighter
than today's Z06, but the way it changes direction makes me think it could easily be 200 pounds lighter.
At just over $ 92,000, the 495 - hp F - Type is $ 11,500 less expensive
than the bigger 510 - hp XKR
convertible.
At $ 33,990 for the base, 1SV trim and $ 36,990 for the Premium, with just a few options available, consider it a credible competitor for the $ 36,600 - $ 48,450 (plus options) Audi A3, rather
than as the spiritual successor to the unmissed Chrysler Sebring / 200
convertible.
When you look
at true four - passenger
convertibles without sporting pretentions and priced less
than $ 30,000, the 200 is joined only by the Volkswagen Eos — an aging design that is easily a nicer car
than this 200.
Still, the chassis has the compass to deploy the performance with startling composure and authority, feeling perhaps subtly sharper
than the
Convertible and containing its mass superbly, even when a bunch of eager hacks declared war on the tyres during a day
at the challenging Ascari circuit near Malaga in Spain.
The 261bhp
convertible — which launched
at the beginning of 2013 — entered the UK with a # 38,770 price tag which placed it north of the Porsche Boxster and # 9000 pricier
than the 207bhp Golf GTI Cabriolet.
During The Middle Of 2006 The Aston Martin Factory Showcased The All New Aston Martin Vantage Roadster
At The Greater Los Angeles Auto Show And Even Tho The Car Was To Weigh 200 Pounds Over The Coupe Version, Due To The Roof Mechanics, This Desirable Addition Was To Still Offer Buyers The Same Performance, With The 4.3 Litre V8 Producing A More
Than Healthy 380 Brake Horse Power With 302 lb ⋅ ft Of Torque
At 5000 rpm, Which Would Accelerate From 0 - 62 MPH In Just 4.9 Seconds, Would Further Climb To An Electrically Limited Top Speed Of 178 MPH, With All This Power Available With Or Without The Electric
Convertible Roof In Place.
The high - performance Infiniti Performance Line
convertible isn't markedly better to drive
than the standard model, and
at more
than $ 60,000, we can't recommend it.
Lot # 627 - This E30 BMW
convertible, with less
than 33,000 original miles (mileage not indicated on the title), was sold new
at Stevens Creek BMW in Santa Clara CA.
At these prices, the 2016 Beetle is in line with the 2016 Mini Cooper Hardtop and
Convertible, and a few thousand higher
than the starting points for the Fiat 500 fleet.
The 4 Door model costs $ 1,000 more
than a base or Cooper S.
Convertible base prices start
at more
than $ 27,500; the S
Convertible at more
than $ 31,000; and the JCW starts
at nearly $ 37,500.
At highway speeds with the top down, the convertible felt lighter on its toes and less planted than at the same speeds top - u
At highway speeds with the top down, the
convertible felt lighter on its toes and less planted
than at the same speeds top - u
at the same speeds top - up.
The electrically operated
convertible top, opens and closes in less
than 16 seconds and while the vehicle is in motion
at up to 31 mph (50 km / h).
But Rick gets a bit more
than just the keys to the first Stingray
Convertible as he'll be presented with his car
at Corvette's Kentucky facility as it comes off the production line, and will be the first person to start up a new Stingray
Convertible as he drives it off the line.
Like a
convertible, it's not a good idea to change the position of the roof
at high speeds, and thus the power top isn't adjustable
at speeds faster
than 60 mph.
Although more
than likely to be seen
at your local shopping mall with its power - retractable soft top roof down in full paparazzi mode, Land Rover assures us the new
Convertible is «as off - road ready as the regular Evoque.»
Even then, the Z06
Convertible starts
at $ 83,995 (including destination fee), versus the more
than $ 100K asking price for the GT - R.
This enables the lightweight, all - aluminium bodied roadster — which,
at 1585 kg, weighs 80 kg less
than the F - TYPE V8 S
Convertible — to accelerate from 0 - 60mph in just 3.8 seconds (0 - 100 km / h in 3.9 seconds), with an electronically - limited top speed of 186mph.
The all new Continental GT Speed
Convertible will be unveiled to the public in less
than a week
at the North America International Auto Show.
The M4 models start
at more
than $ 67,000 for the coupe and more
than $ 75,500 for the
convertible, and top out well over $ 80,000.
Rather
than introduce both body styles
at the same time, Smart decided to launch the coupe as a 2016 model and give the
convertible Cabrio a year off.
Chevy last week priced its new V - 6 powered Chevrolet Camaro
convertible at $ 18,745, $ 1,415 less
than its prime competitor, the V - 6 Ford Mustang
convertible.
Due to the foldable roof, the Evoque
Convertible's boot space has also gone down and stands
at 251 litres, 73 litres lesser
than the standard Evoque.
The Mustang V8
Convertible is quoted
at 20.8 MPG - 0.1 MPG less
than the Fastback option.
Convertible variants include a power soft top that can be raised or lowered in less
than 18 seconds and is operational
at speeds up to 15 mph.
Even
at 5ft 9in, I struggled to sit upright, and the available leg room is notably worse
than that in the BMW 4 Series
Convertible.
Exceptional top refinement
At the outset, designers and engineers sought to eliminate the common appearance of
convertible top support ribs and they succeeded, using composite knuckles rather
than aluminum ones, as well as extending the top material below the belt line and revising the top's stitch lines.
Set to rival the Mercedes - Benz CLS63 AMG, Porsche Panamera Turbo and upcoming Audi RS7, the latest M - car sets out to broaden the scope of the existing M6 lineup, providing added levels of practicality and improved comfort through the adoption of two extra doors and greater rear seat accommodation
than its coupe and
convertible siblings, alongside which it will be produced
at BMW's Dingolfing factory in Germany from early 2013.
The regular Camaro
convertible starts
at $ 29,150, which is $ 6,470 more
than the Camaro coupe.
(The coupe pictured here costs $ 354 a year more, probably
at least partially because they tend to be driven more aggressively
than the
convertible.)
That brings the maximum outputs of the newly - named M240i Coupe and
Convertible, and the M140i five - door hatch (the three - door isn't sold here), to 250kW
at 5500rpm and no less
than 500Nm between 1500 and 4500rpm — the same as the BMW 1 Series M Coupe built between 2011 and 2012.
In road - testing in Tuscany
at the press introduction here, the SLK was more
than a match for the Z3 in terms of body stiffness and the feeling of power, not to mention the ability to switch from coupe to
convertible in 25 seconds.