On-the-go, but make it chic! Achazia convertible backpack on feature: cln.com.ph/products/achazia | CLN
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Convertible loans are often positioned as the simplest way to raise at pre-seed. In reality, they’re a trade-off — and in the UK, that trade-off matters more because of the complexities of the EIS/SEIS system. A convertible loan note is debt first, equity later. Capital comes in now, but instead of pricing the company today, the loan converts into shares at a future round — usually with a discount and often a valuation cap. At pre-seed, that can be attractive. 🤩 Valuation is uncertain, speed ma
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