Comments on: Selling Your Startup with Convertible Debt http://startuplawyer.com/convertible-notes/selling-your-startup-with-convertible-debt Startup Law, Incorporation, Convertible Notes, Preferred Stock, Stock Options, Venture Capital Sun, 22 Jan 2012 19:35:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Convertible Note Term Sheet | Startup Lawyer http://startuplawyer.com/convertible-notes/selling-your-startup-with-convertible-debt#comment-1974 Convertible Note Term Sheet | Startup Lawyer Tue, 24 Aug 2010 14:32:03 +0000 http://www.thestartuplawyer.com/?p=743#comment-1974 [...] Event Payment: How much (e.g., 2X/3X, etc.) do the convertible debt holders receive if the startup gets acquired before a qualified financing and the maturity date? What is the definition of “Liquidity [...] [...] Event Payment: How much (e.g., 2X/3X, etc.) do the convertible debt holders receive if the startup gets acquired before a qualified financing and the maturity date? What is the definition of “Liquidity [...]

]]> By: Derek Carroll http://startuplawyer.com/convertible-notes/selling-your-startup-with-convertible-debt#comment-946 Derek Carroll Mon, 15 Feb 2010 14:58:43 +0000 http://www.thestartuplawyer.com/?p=743#comment-946 Ryan, Thanks for all of the great info. So in the scenario above the angel would only receive the agreed multiple on the outstanding debt? Do they also get to participate in any of the upside? For example 500k angel round 3x multiple on "change of control event". company sells for $10MM. Angel gets only $1.5MM? Do they participate in the remaining upside? Ryan,

Thanks for all of the great info. So in the scenario above the angel would only receive the agreed multiple on the outstanding debt? Do they also get to participate in any of the upside? For example 500k angel round 3x multiple on "change of control event". company sells for $10MM. Angel gets only $1.5MM? Do they participate in the remaining upside?

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