G2

MARCH 14, 2024

Borrowing and lending money are something most of us do at some point in our lives. Whether it’s through a formal loan with a bank or among friends or family, a record of the loan helps make sure that all the lender is eventually repaid.

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SaaStr

MAY 18, 2024

And the VCs made me sign a $750,000 full recourse promissory note. This was a terrible idea, signing the note. This exceeded our family liquid net worth by 30x-50x or so. Outside of our house. I signed it, no questions asked. If we’d failed, I guess we would have lost not just our savings but our home. I didn’t tell my spouse.

Manufacturing 99

Manufacturing Strategize Closing Start-ups 99

SaaStr

SEPTEMBER 4, 2023

If it was a small round done with SAFEs or promissory notes, the price usually adjusts to a 20% or so discount to the next round, if there is one. Dear SaaStr: What Happens When You Can’t Meet The Expectations From the Valuation of Your VC Financing? It varies e based on the situation. So the issue is solved there, in a sense.

Finance 82

Finance Meeting Price Up-sell 82

SaaStr

FEBRUARY 8, 2023

I’ve done it before — I signed a $750,000 full-recourse promissory note in my first start-up, which far exceeded my savings at the time. note: an updated SaaStr Classic answer) The post Dear SaaStr: Is It a Bad Idea for Founders To Invest Their Own Money Into a Funding Round? It may be OK. It aligns interests.

Gaming 77

Gaming Start-ups 77

SaaStr

AUGUST 26, 2019

The $750,000 full-recourse promissory note. Even though I probably had $50k in life savings at the time, I was required to sign a $750,000 full-resource note (i.e., And started recruiting the new CEO on their own. We didn’t take this term sheet. The third term sheet we got in my first start-up had an interesting condition.

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Finance Start-ups Closing 52

Search Engine Land

JANUARY 4, 2023

For instance, check out the Table of Contents from these Investopedia pieces on compound interest and promissory notes. You'll start noticing patterns when you do this a lot across dozens, if not hundreds, of queries in your space. Almost the same structure! Now, you have your first content template.

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Assembly Line Angle Start-ups Follow-up 109