9. Convertible notes: The NICE is the new WISE
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Description
Julia has been signing a few of those so called convertible note agreements for the fund investments with SSE Ventures and Andreas has seen a few other versions of convertible notes fly by at the office.  They end up speaking about when a convertible note is better to use than an equity round, what terms and benchmarks are for a pre-seed convertible and why the NICE (Neat Instrument for Convertible Equity) is the new WISE (Warrants for Investment in Startup Equity).  Company of the week: Polytope Other resources mentioned: StartupTools Hosted by Julia Delin & Andreas Johansson Edited by Victor Ganguly Responsible publisher: Lars Strannegård
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