Big Red Car here. Well, it’s cold and raw here in the ATX. Not convertible weather which gets me thinking about a different type of convertible — convertible debt.
The Boss received several questions as to when and how convertible debt would be used by a startup. This explanation will give you the basics.
Big Red Car here. The Boss is back in town through the rest of the year — well, except for a visit to NYC and a couple of weeks of skiing in early December. The Boss likes that skiing. It’s already snowed in the Rockies.
This morning he was up early and had a conversation with one of his CEOs that he’s had about a thousand times — raising money. It’s what CEOs do whether they like it or not.
Most CEOs do not like raising money.
Big Red Car here. Oh boy, what a day! Here in the ATX all is good. On Earth as it is in Texas, ya’ll.
The Boss has been to a couple of meetings already and was giving a young startup CEO a bit of his accumulated wisdom on how to organizeh is affairs to hit the fundraising trail.
“Get a tin cup!” Haha, Big Red Car, you are a wag. The Boss did not tell the CEO to get a tin cup. Well, yes, I guess he did.
Big Red Car here. Brrr, cold today. Chilly.
So The Boss is talking to one of his Voomers and he is thinking about his progress thus far.
Big Red Car here. Nice cold morning with lot of cloud cover. The Boss took me out for a quick run to a morning coffee meeting. I love getting up early and hitting the road even if it is for some corporate coffee — that would be Starbucks.
So he was visiting with a friend and the subject of Voomly.com came up. The Boss is getting into Voomly.
Big Red Car here.
So I finally got to run a bit yesterday because the sun was out though it was a bit crisp all day. This morning I got to get up very early and go for coffee at Austin Java on Windsor.
The Boss was meeting a young video entrepreneur and he agreed to do a deal with him. I like the idea of The Boss getting back into the deal business. This one will be fun.
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