In response to the "convertible note" I looked it up and they are offering a bond (they give you money with an expectation you pay them back), but instead of you paying the bond back in money they want ownership in the company.
On Wed, Nov 19, 2014 at 9:57 AM, Tod Hansmann <plug....@todandlorna.com> wrote: > On Wed, Nov 19, 2014 at 12:16 AM, Gabriel Gunderson <g...@gundy.org> > wrote: > > > > > There will be a *ton* of entries from biz types (you know, slick hair > > and crisp shoes). Personally, I'd love to see that money go to a PLUG > > member with real technical skills (you know, partially bald and Crocks > > with socks). Heh. > > > > Let me know if you have any Qs. Good luck friends! > > > > <https://startslc.com/pitch/> > > > > 1) Do you have to wear Crocs? > 2) It seems like they want to know about cofounders and stuff. You're > pitching this as "just an idea." Where's the line actually drawn? > 3) What does "Entrepreneur friendly, no cap, no discount, convertible note" > mean? > > -Tod Hansmann > > /* > PLUG: http://plug.org, #utah on irc.freenode.net > Unsubscribe: http://plug.org/mailman/options/plug > Don't fear the penguin. > */ > /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
