Angel Investing
Convertible Notes vs SAFEs: An Angel's Downside View
TL;DR: According to Almanac , citing the Angel Capital Association's 2020 Angel Funders Report, 37% of angel deals in 2019 used convertible notes, and SAFEs have gained ground since. If you write che…
Jeff Barnes, MBA··6 min read
Venture Capital
Convertible Notes: What Angel Investors Must Know Before They Sign
I watched a $250,000 angel check evaporate in 2019 because the investor never read the maturity clause on a convertible note . The company missed its Series A, the 18-month clock ran out, and that investor spent six...
Jeff Barnes, MBA··11 min read