Seedrs, a European platform where people can invest in seed-stage companies in exchange for equity, has launched its first ‘convertible note’ backing campaign today. Essentially, a convertible investment round means that investors get a discount on future shares without requiring the company to get a formal valuation. It’s like an extra little reward for believing in a company from the start. And for the companies involved, convertibles often act as bridging finance between rounds. “Convertibles are very popular among startups in Silicon Valley as a way to raise money now, while deferring the need to place a value on the company…
This story continues at The Next Web
Read more : Seedrs brings convertible note startup loans to European equity crowdfunding
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