A practical guide for founders and investors explaining what convertible debt is, how it works, and why startups use it. Covers key terms like discount, valuation cap, interest, and maturity, walks through a real-world example, outlines different convertible debt structures (standard notes, SAFEs, KISS, CLAs), and highlights the benefits and risks. Published April 12, 2025 by AngelSch... https://www.angelschool.vc/blog/convertible-debt-meaning-types-examples-explained