Five signs it’s time to get your business organized
Tuesday, November 24th, 2009All entrepreneurs face the question: “when should I form a company?” Transitioning from partners in an informal collaboration to co-owners of an actual business may seem like a big step, but it is a necessary one that every successful startup eventually must take. Forming a corporation or limited liability company not only protects founders by [...]
Advantages of Convertible Debt in Seed Financing
Friday, November 13th, 2009We’ve already written about the difficulties and risks of trying to put a value on your company too early (here), but how does an early stage company raise money without a reliable valuation? One way is through convertible debt.
Convertible debt is pretty much what it sounds like: debt that can convert to equity. A convertible [...]