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amitparikh
on Feb 15, 2014
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Disney Accelerator
Note that the $120k funding is broken into $20k cash and the
option
for an additional $100k convertible debt note.
pg
on Feb 15, 2014
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Is there a valuation cap on the convertible note?
jknightco
on Feb 15, 2014
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I think that's the standard for Techstars these days:
http://www.techstars.com/program/faqs/
Looks like its $18k cash and $100k convertible.
ixmatus
on Feb 15, 2014
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parent
[–]
Convertible or priced (we did a convertible note). The 100k is optional. It was for us at least.
alecsmart1
on Feb 16, 2014
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root
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Can you please explain what convertible debt note means?
uniclaude
on Feb 16, 2014
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root
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There is a good explanation there:
http://techcrunch.com/2012/04/07/convertible-note-seed-finan...
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