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Question
[...] let startups beat such deadlocks by rewarding investors willing to move first with lower (effective) valuations.
Answer
Convertible notes let startups beat such deadlocks by rewarding investors willing to move first with lower (effective) valuations.

Question
[...] let startups beat such deadlocks by rewarding investors willing to move first with lower (effective) valuations.
Answer
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Question
[...] let startups beat such deadlocks by rewarding investors willing to move first with lower (effective) valuations.
Answer
Convertible notes let startups beat such deadlocks by rewarding investors willing to move first with lower (effective) valuations.
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High Resolution Fundraising
eeks, because all the angels sit around waiting for the others to commit, like competitors in a bicycle sprint who deliberately ride slowly at the start so they can follow whoever breaks first. <span>Convertible notes let startups beat such deadlocks by rewarding investors willing to move first with lower (effective) valuations. Which they deserve because they're taking more risk. It's much safer to invest in a startup Ron Conway has already invested in; someone who comes after him should pay a higher price. Th

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