This might be a good time to ask - are investors in general comfortables with notes vs. doing a priced round?
I understand the advantages of notes, but I found that many investors don't like it. We had many who agreed to a modest priced round, but absolutely wouldn't do a convertible note, and yet Paul says most YC startups make do with the notes. There is a disconnect somewhere here.
So am I the exception from the norm, or is YC the exception?
I understand the advantages of notes, but I found that many investors don't like it. We had many who agreed to a modest priced round, but absolutely wouldn't do a convertible note, and yet Paul says most YC startups make do with the notes. There is a disconnect somewhere here.
So am I the exception from the norm, or is YC the exception?