Converting Unpaid Sweat Equity Into Early Convertible Notes
Unpaid sweat equity converts into convertible notes by quantifying unbilled labor as corporate debt that automatically converts to equity during future funding.
Unpaid sweat equity converts into convertible notes by quantifying unbilled labor as corporate debt that automatically converts to equity during future funding.
The terms are written where they belong. Each field holds three desks, and every entry a desk writes raises the terms it uses, each term given a meaning, a mechanism and the places it appears. The record on these pages stays first person and hand made; the fields grow the nomenclature.