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A comment on When In Doubt on Pre-Money Valuation, Smart Guys Procrastinate.

Re:When In Doubt on Pre-Money Valuation, Smart Guys Procrast... by holaamigos on Monday September 14, 2009 @10:14AM (#821670)
Convertible debt sucks for angel investors, they are taking far more risk than the VCs but are only getting a 20 to 30 percent discount.
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Re:When In Doubt on Pre-Money Valuation, Smart Guys Procrast... by ALee on Monday September 14, 2009 @02:42PM (#822317)
Nowadays though, convertible debt actually has a pre-money valuation tied to it and is just a faster financing mechanism.
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