Convertible Note

Definicja

A convertible note is a loan that converts into equity at a future priced round, carrying an interest rate (typically 4 to 8 percent) and a maturity date (typically 18 to 24 months), usually with a valuation cap or discount.

Jak pojawia się w pozyskiwaniu finansowania

Notes preceded SAFEs as the default early-stage instrument; in 2026 they survive mainly in bridge rounds and some non-US deals.

Często zadawane pytania

What is the difference between a convertible note and a SAFE?

A note is debt with interest and a maturity date that can technically be called; a SAFE is not debt, has neither, and cannot be called.

What happens at a note’s maturity date?

If no priced round has occurred, the note is technically repayable; in practice holders usually extend, convert at an agreed valuation, or negotiate.

Zasoby Round Funded

Powiązane terminy

SAFE (Simple Agreement for Future Equity)Valuation CapBridge Round

Wykorzystaj ten termin

Definicje wygrywają negocjacje tylko wtedy, gdy w nich uczestniczysz. Znajdź inwestorów, którzy finansują Twój etap i rozpocznij rozmowę.

Przeglądaj bazę inwestorów