The Carnegie Mellon University Center for Innovation and Entrepreneurship CONNECTS series enhances the experiential education of any individual interested in innovation and entrepreneurship. Tailored mainly for students to help take their ideas from conception to commercialization, the workshops run throughout the academic year. Teams looking for talent and talent looking for teams can CONNECT at these events.
View the CONNECTS series.
Next for Spring 2015:
SPECIAL SEMINAR: Convertible Promissory Note – Understanding the Key Terms
Wednesday, April 8, 2015
3:00 pm to 4:30 pm
Newell Simon Hall 3305
Presenter: Peter Papagianakis, Business Law Firm LLC
Learn the basic business and legal issues and pitfalls of issuing convertible promissory notes for your startup. The presenter, Peter Papagianakis, a CMU alumnus (1991) and the Managing Member of a New York-based law firm, will discuss the following:
- The advantages and disadvantages of issuing convertible promissory notes rather than shares of preferred stock to angel investors.
- The discount and caps on valuation and their effects
- Mandatory conversion vs. optional conversion; reasonable interest rate
- The basic concepts of the other legal documents accompanying the convertible promissory note