4 Things to Negotiate while Raising Funds using Convertible Notes
👉🏼 Interest: Could be 0.01%
👉🏼 Discount on Valuation: 20% is standard
👉🏼 Maturity: Could be 3 to 5 years
👉🏼 Floor and Valuation Cap: Floor is the minimum Fundraise in the future at which the CN will convert to equity, and cap is the maximum value at which a CN will convert. These depend on the expected value of the subsequent round.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of 23 years.
