What vehicle should startups use for seed stage fundraising?

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Why did you vote for Series Seed?

Equity rounds result in an investor being issued stock in exchange for money at a given valuation. In a nutshell, the investors will agree to a sing...

Transparency

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The series seed documents are standardized and publicly available, so there are no hidden terms to bite either the investors or the founders.Equity d...

No cons added yet

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Why did you vote for Convertible note?

Convertible notes are a form of debt that converts into equity given a certain trigger, usually a second round of financing.

Continuous raising

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Convertible notes allow you to bank cheques as they come in, instead of waiting for the entire round to be closed. Organizing investors is akin to he...

Full Rachet on down rounds

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If a convertible note has a cap and a conversion discount it can be very painful for the entrepreneur on a subsequent down round. From Mark Suster:A...

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Why did you vote for Convertible Equity?

Convertible equity is a form of early-stage bridge funding that allows a startup to sell to investors a form of equity security that in many ways res...

No Complex Interest Terms

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With convertible equity there is no interest paid on the round. This saves the entrepreneur equity and simplifies future fundraising.The lack of com...

No cons added yet

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