Our company entered into a forbearance agreement with a lender and I am wondering how this will impact us.

bankruptcy debt forbearance

asked by Ila7

I am part of a start up looking to raise some early money. Most of the investors we talk to want to give us a convertible note. We were expecting to defend our valuations and ownership percentages. The idea of debt for our early business is not attractive to most of the founders. What are the practical implications of the convertible note? Do investors typically get a board seat if they offer a convertible note?

financial-model financing startup entrepreneurship debt

asked by GlennaT