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When do entrepreneurs use convertible debt?
• Versus a preferred stock, CDs are simpler, quicker and cheaper in most cases
• $1m or more use preferred stock
• Often used when raising money from friends and family till sophisticated investors join later funding rounds
• There is always exception in both these cases
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Get the list of the top 100 investment banking summer internships for 2023 and c.30 Spring week openings in the UK. Check this link: https://www.linkedin.com/feed/update/urn:li:activity:6958034404585705472/
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