Opinion

July 2, 2020

The convertible loan note: What's to lose?

Startups are taking convertible loan notes like never before — but they have their downsides.


Karen McCormick

5 min read

Karen McCormick, chief investment officer at Beringea

It is 2019 and you are the founder of an ambitious startup with a buzzy tech product. You are burning through more than £300,000 a month, but you can justify it with £20m turnover that is growing at a clip and fuelling a burgeoning brand and reputation: time for Series ‘X’.

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