Convertible Debt vs. Priced Equity Rounds: Evaluating the Preferred Deal Structure for Early Stage Financing
Pros and Cons of Different Financing Options for Entrepreneurs and Investors
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE course will discuss the pros and cons of convertible notes, SAFEs, and priced equity rounds, and how to evaluate the optimal deal structure for startup investment financing rounds. The program will present perspectives from both issuers/owners and investors, as well as look at the current terms and trends for financing early-stage companies.
Outline
- Current market terms and trends
- Convertibles: key terms
- Priced equity rounds: key terms
- Pros and cons of each deal structure
Benefits
The panel will review these and other highly relevant issues:
- Current terms and trends for financing early-stage companies
- How to determine the preferred deal structure: convertible debt or priced equity rounds
- Comparing and contrasting convertible notes vs. equity rounds
Faculty

Tamar R. Gubins
Partner
Fox Rothschild
Ms. Gubins is a business-oriented attorney with extensive experience throughout the lifecycle of a technology company,... | Read More
Ms. Gubins is a business-oriented attorney with extensive experience throughout the lifecycle of a technology company, replacing or supplementing typical in-house counsel. She advises emerging and technology companies on formation, financing, corporate governance and public offerings as well as technology transactions and privacy and data security. Ms. Gubins has a broad transactional skill set that includes mergers and acquisitions, financing transactions, IPOs, public offerings, terms of service agreements, equity compensation, and employment and contractor agreements.
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Terrence M. (Terry) Kerwin
Partner
Fox Rothschild
Mr. Kerwin is a partner in the firm's Corporate Department. He is also a member of the firm’s Emerging... | Read More
Mr. Kerwin is a partner in the firm's Corporate Department. He is also a member of the firm’s Emerging Companies & Venture Capital Practice Group and a founding member of the Technology Practice Group. He works with clients across a range of industries, and regularly advises startup and growth-stage companies on various matters from formation to exit, including choice of entity, corporate governance, corporate finance, private equity and venture capital transactions, securities, commercial contract preparation and review, employment issues, buy-sell agreements and shareholder disputes, intellectual property protection and transfer, and mergers and acquisitions. He is actively involved in the Philadelphia Alliance for Capital and Technology (PACT) and the Philadelphia Chapter of the Association for Corporate Growth (ACG).
CloseEarly Discount (through 05/16/25)