What is a Convertible Instrument?

Whether it’s your Uncle Bob’s pocket money from selling a Chevy or a more significant investment from your friend’s professor’s brother who happens to be an angel investor, early investments in your startup may come from surprising places. Regardless of where the money comes from, one of the most common methods to document the investment for pre-revenue and pre-product startups is  by using some form of convertible instrument.  

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