In this presentation, Greg Pilarowski, Founding Partner of Pillar Legal, breaks down the critical terms behind convertible notes – a vital but often misunderstood early-stage financing tool. Since there is no standard form, reviewing complex conversion terms is crucial to ensure they align with expectations.
Topics covered include:
- How valuation caps and discounts affect conversion
- The key differences between pre-money and post-money structures
- Why the definition of “company capitalization” can significantly impact outcomes
- Practical tips and detailed examples to help founders and investors navigate deal terms with confidence
Packed with clear insights and practical tips, this video – recorded at the Harvard Business School Angel Investing Bootcamp – is ideal for founders, investors, and startup advisors navigating early-stage financing.