Wow, that is impressive. Only 2 companies died since 2007? I think a lot of people would read a long post on the Seedcamp history, success stories, companies you guys are particularly excited about etc.
Convertible debt is looking like the way to go. Does anyone have experience with discounting the equity when the note is converted? I feel like there should be a recognition of the increased risk for early investing. Would a discount of 50% be a restriction in terms of raising the 500k from other investors or is it a pretty standard term?