DISQUS

eduFire: Interesting convertible note question

  • jon · 2 years ago
    We ended up going with a 2/3 majority to be able to amend terms of the note. We feel that this gives adequate flexibility to make changes that could more easily lead to a Series A while at the same time decreasing the likelihood that one or two note holders could dictate their interests on the rest of the group.
  • davemc500hats · 2 years ago
    i'm not an expert, but you might check out discussions by Brad Feld and Josh Kopelman on these topics. they have a bias, but their writing is educational.
  • kareem · 2 years ago
    brad and josh's writings have been super educational for us, and a big help. at the same time, there's very little out there written from the entrepreneur's perspective, which is what we're trying to provide.

    thanks for stopping by, dave!