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Just Say No To Capped Convertible Notes
(
ventureblog.com
)
6 points
by
bradly
on Sept 7, 2011
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1 comment
amirmc
on Sept 8, 2011
[–]
"... the angel investment will convert into the equivalent of $4M in Series A Preferred Stock ... the angels now get $4M in preference."
Never thought of it that way. I'd always assumed that the Angels got ordinary stock.
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Never thought of it that way. I'd always assumed that the Angels got ordinary stock.