Convertible Note Pricing Could Get Uglier
With the recent volatility in the market, we expect the conversion of convertible notes in a tighter Series A market environment to get a little more interesting. Not that the conversion road hasn’t been littered with lurid tales already…
Ramifications of Tech Downturn for VC/Startups (Excerpts from Our Latest LP Letter)
As we write this, the Nasdaq is off 14.5% YTD, with the S&P down 9.3% YTD. And it’s just the beginning of February. Only the ostriches with their heads in the sand fail to recognize that the investing winds have indeed shifted.