A Promissory Note is a written debt instrument in which a borrower promises to repay a specified principal amount to a lender under stated terms, including interest, maturity, and repayment mechanics. In startup finance, a Promissory Note is often used for bridge funding or convertible debt, and the Promissory Note terms can include conversion triggers, discounts, and covenants.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
