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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – The KISS Note
Description: The KISS Note Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. KISS in the startup world stands for Keep It Simple Security. It’s similar to a convertible note. Here are the differences between a KISS and a convertible note: The KISS gives the holder the right to participate in future funding rounds. Convertible notes only convert the current debt into equity. The KISS gives the holder a “most favored nation” clause, which means the holder gets the best terms of any investor in the round. The KISS gives...