Why some investors prefer straight equity over convertible notes or SAFE
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Why some investors prefer straight equity over convertible notes or SAFE 0:52 min
Lauren Cochran is a Managing Director at Blue Haven Initiative. As part of this work she spends more time in sub-Saharan Africa than anywhere else. She is also a member of the Blue Haven Initiative Investment Committee. Prior to joining Blue Haven, Lauren worked for five years at Imprint Capital before the impact investment firm was acquired by Goldman Sachs Asset Management.Encountering grassroots entrepreneurship in Africa inspired Lauren to pursue a career linking social impact and private equity.
Inevitably, at early stages, when you’re working on a SAFE or convertible note, you get into evaluation discussion around the cap, and it just becomes equally as protracted, and difficult as it does in a later stage price round.
For us it really depends on how much information there is, and if you can go with sort of the market cap of one to three million, depending on the market. In th… Sign in to continue