Maybe someone can help me out here, with something I don't understand.
What happens to the convertible note if you never go on to raise another round, but you still have a successful business that generates a lot of cash for yourself?
What happens to the convertible note if you never go on to raise another round, but you still have a successful business that generates a lot of cash for yourself?
More here: http://www.startupcompanylawyer.com/2007/04/29/what-happens-...