Love the "fast" approach! Now, it only it was a convertible note, possibly disco... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		matponta on Dec 4, 2013 \| parent \| context \| favorite \| on: Kima15: $150K for 15% in 15 days Love the "fast" approach! Now, it only it was a convertible note, possibly discounted but a convertible note...

jber on Dec 4, 2013 [–]

Why?

matponta on Dec 5, 2013 | | [–]

Variability on the initial maturity of the startup, mostly.

Reduction of adverse selection on your side, also.

Based on your historic numbers, would it be a significant cap on your upside?

avifreedman on Dec 5, 2013 | | [–]

To get the potential of a better than $1m valuation is my guess.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact