CONNECTS Speaker Series: "Convertible Promissory Note – Understanding the Key Terms"
12:30 p.m. 2:00 p.m.
3305 Newell Simon Hall
Business Law Firm LLC
*Bring your own lunch
Learn the basic legal issues and pitfalls of issuing convertible promissory notes for your startup. The following topics will be discussed:
- Pros and cons of issuing promissory notes vs. shares of preferred stock to angel investors
- Discount and caps on valuation and their effects
- Mandatory conversion vs. optional conversion; reasonable interest rates
- Legal documents accompanying the promissory note
- SAFE Agreement