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hi my name is steve parham a vancouver business lawyer and today were going to talk about startup funding and one of the ways that you can do that is through something called a convertible note and uh theres a lot of confusion over how a convertible note works so were going to go over that topic today when companies are raising capital to expand their business they have two ways of going about it they can either take out loans so from the bank or friends or family or they can issue equity in their company they can sell shares of ownership in their company and what a convertible note does is it blends those two different models so what a convertible note is its a short term loan or a short term debt instrument that has the option of being converted into equity at a later point in time so when an investor first agrees to provide your company with a convertible note they are essentially providing you with a short-term loan that can be later converted into equity into shares in your co
