Convertible notes are a type of short-term debt that converts into equity, typically in conjunction with a future financing round. In the context of the Cap Table template, they are used to represent a form of investment that can change the ownership structure of the company. They are incorporated into the template's breakdown of investment rounds, showing how they can contribute to the evolution of control between investors and founders.
Ever wondered why some companies stay under the control of their founders, while others shift into t...
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