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Convertible Note

Priced vs. Unpriced Rounds in Venture Capital When investing in private market startups, investors may come across priced and unpriced rounds. Understanding these investment structures can help investors understand how capital is deployed, how ownership is structured and allocated between … Continue reading

Understanding Valuation Caps

Understanding Valuation Caps

With convertible notes as a common way for startups to raise capital, investors should understand valuation caps, a mechanism designed to help early investors by setting a maximum company valuation at which their investment can convert into equity. In this … Continue reading

Understanding Key Differences Between Convertible Notes and Crowd Notes On the MicroVentures blog, we’ve previously reviewed what convertible notes are, their key features, when, and why they’re used. We also briefly touched on the crowd note as a modified version … Continue reading