Should the interest on convertible notes be paid in cash in some cases?

When startups raise capital from outside investors, one financial structure commonly used is called a convertible (promissory) note. There are several motivations for startups & investors to use this arrangement. One thing is coming back to bite me, though, and makes me wonder if the terms of it ought to change in common use: conversion of the interest intoContinue reading “Should the interest on convertible notes be paid in cash in some cases?”