Posts by Philip Krause

Prefer to Participate

Companies and investors toss around the term “series A round” as though it has a specific meaning that everyone knows. For example, the venerable source Wikipedia states with confidence, “A…

Read More

No Friends or Family

A common misnomer for early stage companies is that they are raising funds through a “friends and family” round. What they typically mean is that they are seeking funds from…

Read More

Convertible Notes or Not

Many early stage companies use a financial instrument, called convertible notes, to raise early funding.  The basic terms are: immediate investor funding, unsecured debt, conversion to equity whenever equity financing…

Read More