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Funding: How do you seek startup funds without giving away the store? How do you use future value to justify why $50K isn't worth 50% of my company? See below
BC
BC
Brian Carruth, Tech Founder, Agile Development, Startup Funding answered:

A convertible note is a possible route. It would provide the owner with a discount to the price set at your next round of funding. For example, assume you give the note holder a 50% discount on your next round. Then your Seed Round sets the price at $10 per share/unit, the note owner would be able to convert their $50,000 for 10,000 shares ($5 per share). You'd have to negotiate more specifics such as interest payments, term length and any assets used as collateral in the event that you end up in bankruptcy.

Feel free to reach out with any questions or to set a time to talk.

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