Convertible Notes: Accrued Interest, Cap, Discount & Shares
This lesson is part of the course
In this lesson
You accrue interest on a convertible note by the day, convert principal plus interest at the lower of the cap price and the discounted price, and see what the note is worth on paper at the Series A.
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Lessons in this course
- Pre-Money, Post-Money, Price per Share & Your Ownership Locked
- SAFE Conversion: Valuation Cap vs Discount (the MIN Price) Locked
- Convertible Notes: Accrued Interest, Cap, Discount & Shares Locked
- Dilution Across Rounds & the Option Pool Shuffle Locked
- Pro-Rata Rights & the Cost of Following On Locked
- Exit Waterfall: 1x Non-Participating Preferences (Chart) Locked
- Power Law: Portfolio Size vs the Chance of a Big Winner (Chart) Locked
- Portfolio Multiple & XIRR with Uneven Exits Locked