Comments for Things Ravi Pratap Is Up To http://rpmduplex.net/ravi Selective perfectionist, compulsive technologist, budding entrepreneur Wed, 23 Nov 2011 06:09:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Ravi Pratap M http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-2005 Ravi Pratap M Wed, 23 Nov 2011 06:09:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-2005 We received FDI as well when we raised angel funding and you have to file a bunch of separate paperwork, which we did, so yes, this is in line with FDI policy. We received FDI as well when we raised angel funding and you have to file a bunch of separate paperwork, which we did, so yes, this is in line with FDI policy.

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Guest http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-2004 Guest Wed, 23 Nov 2011 05:44:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-2004 Interesting Article! But have checked the validity of this model in terms of Indian FDI laws? Especially if funding is received from non-residents? Most notably para 3.3.2.1 of FDI policy? Interesting Article! But have checked the validity of this model in terms of Indian FDI laws? Especially if funding is received from non-residents? Most notably para 3.3.2.1 of FDI policy?

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Ravi Pratap M http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-2003 Ravi Pratap M Fri, 22 Jul 2011 08:01:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-2003 Well, usually it's a value that's slightly higher than what a Fixed Deposit or CD offers you. That's the easy answer :) Well, usually it’s a value that’s slightly higher than what a Fixed Deposit or CD offers you. That’s the easy answer :)

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Jayant http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-2002 Jayant Thu, 21 Jul 2011 13:18:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-2002 Thanks for sharing your views. How does one arrive at the ''interest rate''? Is there any guidance on interest rate? Thanks for sharing your views. How does one arrive at the ”interest rate”? Is there any guidance on interest rate?

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Karthik http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-2000 Karthik Fri, 24 Jun 2011 03:47:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-2000 Any particular to reason to raise it as debt? Thanks Any particular to reason to raise it as debt? Thanks

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Ravi Pratap M http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-1999 Ravi Pratap M Tue, 21 Jun 2011 05:49:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-1999 Hi Karthik, A convertible preference share is still equity, not debt. The whole point was to raise it as debt that is convertible to equity. Ravi. Hi Karthik,

A convertible preference share is still equity, not debt. The whole point was to raise it as debt that is convertible to equity.

Ravi.

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Karthik http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-1998 Karthik Tue, 21 Jun 2011 02:14:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-1998 Hi Ravi, Thanks for this. Any reason for doing this as convertible debenture instead of convertible preference share? Cheers! Karthik Hi Ravi,

Thanks for this. Any reason for doing this as convertible debenture instead of convertible preference share?

Cheers!
Karthik

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Anonymous http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-1997 Anonymous Tue, 24 May 2011 05:52:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-1997 You're absolutely right - I've updated the article accordingly. You’re absolutely right – I’ve updated the article accordingly.

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Pranay Gupta http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-1996 Pranay Gupta Tue, 24 May 2011 05:45:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-1996 Ravi, you will also probably need to remove the line - "And entrepreneurs are unhappy because they gave away a lot more equity in the beginning than they really would have liked to. " - as this doesn't apply in case of a down round.  It would rather apply in a situation where the next round is a significantly high valuation round and hence the entrepreneur feels like he could have negotiated better in the angel round. Ravi, you will also probably need to remove the line – “And entrepreneurs are unhappy because they gave away a lot more equity in the beginning than they really would have liked to. ” – as this doesn’t apply in case of a down round. 

It would rather apply in a situation where the next round is a significantly high valuation round and hence the entrepreneur feels like he could have negotiated better in the angel round.

]]> Comment on Raising Seed Funding? Use MobStac’s Convertible Note by Anonymous http://rpmduplex.net/ravi/2011/05/raising-seed-funding-use-mobstac-convertible-note/comment-page-1/#comment-1995 Anonymous Tue, 24 May 2011 05:37:00 +0000 http://rpmduplex.net/ravi/?p=359#comment-1995 Ah, good catch Pranay. Thanks, I've updated the article. Ah, good catch Pranay. Thanks, I’ve updated the article.

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