Season Two: Episode Nine — An overview of convertible notes, including key provisions, mechanisms for conversion, and negotiation strategy.

Episode Description:  Elizabeth Ostaszewski (Fordham Law ‘19) and Christie Yeh (Fordham Law ‘19) interview Seth Helfgott (Fordham Law ‘09), Partner at Wilson Sonsini in San Francisco, to discuss convertible notes — the  most common way to raise modest amounts of capital from venture capital firms at the seed stage.

Episode Roadmap:


“Companies don’t need to focus too much on building out a financial model at this point — most venture capitalists recognize it’s really just guessing at this early stage.” — Seth Helfgott

“You need to think about the size of the round that you are raising now and the size of the round you expect to raise before these notes convert.” — Seth Helfgott

“Historically East Coast is more investor friendly and West Coast tends to be more company favorable.” — Seth Helfgott

“Value your time — don’t do it for free — but there are plenty of pro-bono opportunities to get involved in.” — Seth Helfgott

Mentioned in This Episode:

Additional Resources: 




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