#convertible notes

[bitcoinversus]

Bitcoin Mining: Marathon Digital Raises $250 Million to Expand Bitcoin Holdings

Bitcoin mining company Marathon Digital Holdings has announced plans to raise $250 million through a debt offering to acquire additional Bitcoin. Marathon already holds over 20,000 BTC on its balance sheet and is continuing to pursue an aggressive strategy of increasing its cryptocurrency reserves. The funds from this convertible note offering will be used primarily for Bitcoin purchases and…

[r2consulting]

Choosing the Right Funding Instrument for Early-Stage Startups: SAFE Agreements vs. Convertible Notes

Introduction

For early-stage startups, securing funding is a critical step in turning innovative ideas into thriving businesses. Two popular financial instruments that have gained traction in recent years are Simple Agreement for Future Equity (SAFE) agreements and convertible notes. Both options offer flexibility and provide a way for startups to attract investment without immediately determining a valuation. In this article, we will explore the pros and cons of SAFE agreements and convertible notes to help entrepreneurs make informed decisions about which instrument aligns better with their startup’s needs.

SAFE Agreements

Simple Agreement for Future Equity (SAFE) is a financial instrument developed by Y Combinator as a streamlined alternative to traditional equity financing. Here are the pros and cons of using SAFE agreements for early-stage funding:

Pros:

Simplicity and Speed:

SAFE agreements are typically simpler and faster to execute than convertible notes. This simplicity can be advantageous for startups looking to secure funding quickly without the complexity of a detailed legal agreement.

Valuation Deferral:

SAFE agreements delay the determination of the startup’s valuation until a future priced equity round. This allows startups to attract investment without immediate negotiations on the company’s worth, making it more appealing for both founders and investors.

No Interest Accrual:

Unlike convertible notes, SAFEs do not accrue interest, which can be advantageous for startups that may take longer to reach a priced equity round. This feature helps prevent the compounding of financial obligations for the startup.

Cons:

Lack of Interest and Maturity Date:

SAFEs do not carry an interest rate or a maturity date, which means investors may not see returns until a future equity round occurs. This lack of a time-bound return could be a drawback for investors seeking more immediate returns.

Equity Dilution Risk:

As with any equity-based financing, there is a risk of dilution for the founders. If the startup experiences significant success and raises subsequent rounds at higher valuations, early-stage investors with SAFEs may see their ownership percentages decrease.

Convertible Notes

Convertible notes have been a longstanding choice for early-stage fundraising and have been widely adopted in the startup ecosystem. Here are the pros and cons of using convertible notes:

Pros:

Interest Accrual and Maturity Date:

Convertible notes typically accrue interest over time, providing investors with a fixed return even if the startup does not immediately proceed to a priced equity round. Additionally, convertible notes have a maturity date, setting a timeline for conversion or repayment.

Flexibility in Conversion Terms:

Convertible notes offer flexibility in setting conversion terms, allowing startups and investors to negotiate various factors, such as conversion discount and valuation cap. This flexibility can be beneficial in tailoring the terms to suit the specific needs of both parties.

Cons:

Complexity and Legal Costs:

Convertible notes often involve more complex legal documentation compared to SAFEs. The negotiation of conversion terms and other details may lead to higher legal costs for both startups and investors.

Dilution and Downside Protection:

While convertible notes provide a valuation cap to protect early investors, they may result in higher dilution for founders if subsequent rounds are conducted at a lower valuation. This downside protection for investors can pose a challenge for startups aiming for higher valuations in subsequent rounds.

A Debt Instrument or Not?

Convertible notes are indeed considered debt instruments, albeit with a unique feature—they are intended to convert into equity at a later stage. When an investor provides funding through a convertible note, they are essentially lending money to the startup with the expectation that the debt will convert into equity when a specified triggering event occurs, such as a future priced equity round.

On the other hand, Simple Agreement for Future Equity (SAFE) agreements are not debt instruments. Instead, SAFEs are a type of financial instrument that represents a promise of future equity. Unlike convertible notes, SAFEs do not have an explicit repayment obligation or maturity date. Instead, investors in SAFEs are essentially making a bet on the startup’s future success in exchange for the right to obtain equity in the company at a later date when a priced equity round occurs.

Final Thoughts

Choosing between SAFE agreements and convertible notes involves a careful consideration of the specific needs and preferences of both startups and investors. While SAFEs offer simplicity and a deferral of valuation, convertible notes provide interest accrual and greater flexibility in conversion terms. Startups should evaluate their growth plans, timeline, and investor relationships to determine which instrument aligns best with their overall strategy. Ultimately, both SAFE agreements and convertible notes serve as valuable tools for early-stage financing, and the decision should be made based on the unique circumstances of each startup.

[coddda]

I wish we could have met in some other way.

Lawlight Week Day 2: Soulmates

If you saw me repost and re-edit this several times uh No you didn't </3

Still frames/Individual gifs:

If you know what every frame is from you get a free cookie. by the way

[samerpal]

🚨Don’t scroll 🚨

At this time in the displacement camps, Winter hasn’t started yet, but the heavy rains have already begun to flood our fragile tent in the displacement camp, leaving my family to face the cold and water seeping in from every side. My children suffer from the biting cold, with no safe place to play or study, while we struggle to stay warm and dry in an unforgiving environment. The harsh conditions of war compound our suffering, as we live every day in fear of airstrikes that could take our lives at any moment. The lack of food and clean water makes life even more difficult, while we face physical and psychological challenges that exceed our capacity to endure. We live without electricity or healthcare, trying to hold on to any glimmer of hope in the darkness surrounding us. Each day becomes a new test of survival, and we pray for the protection and safety of our children from the threat of death that follows us at every turn.

🍉Plz help us 🚨

@mysharona1987 🌹 @luvlee1313

@buttercuparry 🌹 @three-croissants

@littlesapphicraven 🌹 @tamamita

@paper-mario-wiki 🌹 @tangledinourstrings

[raven-at-the-writing-desk]

🎃 new twst halloween illustrations + other stuff!! 🎃

***Please note:*** Sharing merch images + news is not intended to encourage and/or to pressure anyone into making purchases. It is up to the individual consumer to be informed and to choose how they spend their money.

New illustrations for new merch items themed around Glorious Masquerade and Stage in Playful Land! (There’s tons of stuff 💦 I tried to find as many images as possible!) There will be a Halloween Fair from the 21st of September to the 20th of October to show these items, but some are already available for preorder now.

One detail I enjoy is how the seated characters for GloMasq are the characters of higher rarity (the SSRs and SRs). (Edit: NEVER MIND I LIED, I forgot Riddle was the R 😭 I guess dorm leader overrides Deuce…) In the Playful Land artworks, you’ll notice that everyone is posed a little stiffly, almost like they’re puppets being pulled along on strings~ I LOVE HOW THEY INCLUDED GRIM DESIGNS, HE DESERVES IT BECAUSE HIS GLOMASQ AND PLAYFUL LAND COSTUMES ARE SO HECKING CUTE 😭

BHLFUVQVFQWOVDWvCSEFQGVASOUS3178r9bfonoasnfgviuSU I. Uh. Also appreciate that J word looks kinda bitchy and like he's giving you the "talk to the hand" pose... JUST LIEK THAT ONE DRAKE MEME DFIHLABPDSB HE'S SO SILLY....... .. . . .. ..... .. .... . . . .. . And that's with L*ona's expression there 💀 WHY'S JHE LOOKING LIKE THAT, IT'S A WEIR D CROSS BEYWEEN SMUG, RELDAXED, AND VAGUELY LOOKING DOWNA T YOU EVEN THOUG HE'S CLEARLY THE ONE BEING CONRTROLLED OTL

Another favorite is!! How Sebek and Silver especially Silber look posed beside a sitting Malleus. They look just like knights (probably because they are, lol) right out of a fairy tale 🥰 AGAIN, ESPECIALYL VSILVE R BECUASE HE'S GOT THT ONE HADN DOVER HIS CHEST ADBN DIS LOOKIGN RIGFHT AT YOU.... .. . ....... .. . . . . . ...... .. . How noble and valiant...

TWST is collabing with a Japanese fashion and lifestyle brand called Space a la Mode! They have long sleeve shirts with character motifs as well as fragrances inspired by each dorm as if we don’t already have a ton of those/j.

Finally, the last thing to note! There’s new Master Chef/Culinary Crucibles artwork in Gurihiru’s impactful comic book style! It will appear in a pop-up event, along with merch using it... including a plate with a Grim design!

There are also plans to make plushies based on the Master Chef/Culinary Crucibles designs. Azul’s forehead is so prominent, it’s sending me— 😭

[olessan]

Pike my beloved

[hindahoney]

Wild and revolutionary concept: maybe don't treat converts like trash just because they're converts? And also don't ask someone if they're a convert in a public setting?

[babybells123]

(ASOS, Sansa II)

(ASOS, Jon XII)

[qweerhet]

every time there's a rise in fascist action and power in the us, there's an en masse feminist response of like. affirming that gender is an ontological trait, you can tell what gender someone is without them directly stating it to you, appearance is indicative of gender (rather than just being correlative particularly in conservative populations), gender is a useful signifier of ideology separate from factors such as class and race (and may even be more causative regarding fascist ideology than class or race are), there is no form of gendered oppression targeting men, and there is no form of gendered privilege afforded to women.*

it's annoying! i do not like it.

*nb4 someone gets on my case about how gendered targeting of men is "just" racism/ableism/etc and gendered privilege afforded to women isn't "truly" privilege as men who reap the benefits of patriarchy are still higher in the social hierarchy than women who reap the benefits of patriarchy: we have entirely different modalities for viewing interactions of privilege + power + hegemony. your modality is, in fact, part of what i'm critiquing. it refuses to recognize gender itself as the oppressive structure, and patriarchy as a structure enforcing gender. we can chat in good faith if you want to understand this lens better but like i'm not going to be arguing about it or trying to make a Discourse Post(tm) defending my ideology.

[moonie-and-her-stars]

The ''workplace'' where all the magic happens

I love editing my photos like this, I found that it's so fun and it's impressive how a couple of drawn words can instantly make a picture look like a certain aesthetic.

[bugsongs]

Hi,👋

My dear friend , could you please share and reblog my story and my family’s fundraising campaign.Your sharing gives me and my family hope to move to a safe place and live in peace.🙏🕊️

In conclusion, my family and I thank you 🌺from the bottom of our hearts ♥️for accepting our message 🍉☺️🌹

8,246 / 41,957

[xiaomao-ai-wo]

Hi! The content is back 🙌 ✨️

2/26 it feels like it's been a month. Coworker sick days be like that I suppose. Working alone be exhausting truly.

[samerpal]

Northern Gaza is being exterminated , and it is happening in terrifying silence, 🤫 as if the world has been struck mute in the face of the systematic genocide carried out by the most horrific means. Children 👦 are torn from their mothers’ arms, homes are destroyed over the heads of their inhabitants, and bodies disappear beneath the rubble, while the global conscience slowly dies. Where are the voices of humanity? How can the world remain silent while a people are crushed under relentless bombardment, surrounded by death on all sides?

Silence in the face of this is complicity in the crime. The bombs 💣 raining down on Gaza do not just tear apart its homes and the bodies of its people; they tear apart the remnants of humanity that still cling to life. What is happening in northern Gaza is not a battle; it is an attempt to erase existence, uproot history, and extinguish an entire way of life. In the face of this blatant injustice, silence 🤐 becomes an unforgivable crime, and life in this land becomes a continuous testimony to cruelty that knows no mercy and no bounds.

Every passing minute, a child 👧 screams, a mother 👩 weeps, a family disappears. How can the world accept, or even bear, this ongoing misery? What blinds humanity to these massacres? History will not forget, nor will it forgive, this silence. 🤫

@palestine-button-reminder @palestinegenocide

@sayruq @palestine29 @palestine-info-uncensored

@northgazaupdates2 @90-ghost @commissions4aid-international

@heritage-post @heritageposts

@ibtisams @nabulsi

[resident-rats]

Hello Mr Rat 🐀

Tell me (if you'd like to) about a story idea you haven't acted on yet? :3

I’d really like to write a chreon fic, like a raccoon city if it didn’t go to shit au™️ where Leon is a trans man, and moved there to get away from his small town and doesn’t plan on telling anyone he’s trans/he lives stealth etc. And then he and Chris meet and kinda hit it off, and Chris kinda makes his feelings known, but Leon doesn’t act on it bc Chris doesn’t know he’s trans. So Chris presumes he fucked up a bit and that Leon isn’t interested, but in reality Leon is just scared to come out to him and is very interested

Though I’d want it to be multichapter and slow burn? Because most trans Leon fics are one shots of him getting railed, and that’s fine I like smutty one shots as much as the next guy, but I think it would be nice to have something that’s longer? Though obviously it will contain smut bc it’s me writing it lol, but it would be nice to have it be multichapter and have plot, yknow?

That’s what has been on my mind on and off since the start of the year anyway lol

Thank you for asking :D

[yourfaveisqueerandreligious]

cordelia from falsettos is jewish (headcanon) and a lesbian (canon)

submitted by @catboymoses

[a-roguish-gambit]

Personally I'm pretty partial to Kitty and Kurt or Wanda and Kurt but I'm also open for my bisexual blue boy to end up with a man too, there just aren't a lot of options I'd feel comfortable with within the evolution timeline structure for male characters. I'm usually a Logan x Kurt, angel x kurt, or beast x Kurt girl and none of those can work here for obvious reasons. I just can't decide on my own so I'm leaving it up to you guys.

Notes:

if wanda/Kurt gets chosen, nocturne is born,

If kitty/Kurt is chosen, we get to build a fan baby

If Kurt/one of the boys is chosen we may get another poll going for adoption or surrogacy or some weird mutant third option you guys come up with

All have a chance for baby