Facilitator Guide
Convertible Debt Financings
Facilitator Guide
Convertible Debt Financings
- Topic
- Venture Financing
- Duration
- Format
- Remote or in person
What’s Covered
- Overview of a convertible debt financing
- Why companies issue convertible debt
- The main features of a convertible note
- Conversion terms
- Alternatives to convertible notes (SAFEs and Kisses)
Before the Session
Prepare the Attendees
Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.
https://www.hotshotlegal.com/trainings/convertible-debt-financings/attendee
Prepare Yourself
Watch the videos and read the exercise so you’re familiar with the Hotshot material.
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Course
Convertible debt financings are a common alternative to priced equity rounds. This course explains convertible debt financings and their most common form, convertible notes. It also describes alternatives to notes, such as SAFEs and KISSes.
During the Session
- Why do companies issue convertible debt?
- What are some upsides to issuing convertible debt?
- What are some downsides to issuing convertible debt?
- What are the main features of a convertible note?
- What are some common conversion terms?
- When does it make sense to use alternatives to convertible notes?
- What’s a SAFE?
- What’s a KISS?
- Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
- General practice tips (dos and don’ts)
- Firm-specific guidance and practices
After the Session
About Hotshot
Hotshot helps lawyers develop their legal, business, and technology skills through short videos, quizzes, and summaries, and we help law firms and law schools plan and deliver engaging training programs. Our customers include Am Law 200 firms, top law schools, and regional and international firms.
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