Carnegie Mellon Engineering

CONNECTS Speaker Series: "Convertible Promissory Note – Understanding the Key Terms"

April 5, 12:30 p.m. — 2:00 p.m.
3305 Newell Simon Hall

Peter Papagianakis
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

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