Usually these have a maturity date that allows a conversion at a prescribed valuation.

Michael Roberson

1 min readFeb 16, 2020

Written by Avi Eyal

Investor. Serial Entrepreneur. @aeyal1 @entreecap #proudinvestor: @rapyd @pillpack @seatgeek @mondaydotcom @stash @gustohq @howtoprospa @riskified

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