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More Thoughts on Structuring an Angel Investment

I’m not a fan of convertible notes as the form of an angel investment.  When I’m making an angel investment, I much prefer to price the round and do a "light Series A" (simple terms, but still a preferred instrument.)  Basil Peters has a series of posts up on Angel blog that talks about the problems of Convertible Notes for Angel Investing, suggests Exchangeable Shares for Angel Investors, and even provides a One Page Term Sheet for Angel Investors.

June 8th, 2008 by     Categories: Angel Investing    
  • Jared Still

    Very helpful stuff, especially the one-page term sheet. It pays to keep it simple, up-front.