United States:
Convertible Note For Seed-Stage Startups
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The following form* is a convertible note to be used in
connection with the seed-stage financing of a startup company.
Startups use seed-stage financing to raise operational capital for
a period of 12-24 months in which they attempt to build their
product and test the market for that product. This form includes practical guidance,
drafting notes, alternate clauses, and optional clauses.
*This excerpt from Lexis Practice Advisor, a comprehensive
practical guidance resource providing insight from lending
practitioners, is reproduced with the permission of LexisNexis.
Reproduction of this material, in any form, is specifically
prohibited without written consent from LexisNexis.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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