http://www.startupcompanylawyer.com/2009/01/18/should-a-company-allow-option-exercises-with-promissory-notes/ Venture capital, seed financings, convertible note bridge debt, M&A, option vesting and other matters explained for founders and entrepreneurs Fri, 19 Mar 2010 08:24:58 +0000 http://wordpress.org/?v=2.9 hourly 1 http://www.startupcompanylawyer.com/2009/01/18/should-a-company-allow-option-exercises-with-promissory-notes/comment-page-1/#comment-2989 Yokum Tue, 20 Jan 2009 13:45:49 +0000 http://www.startupcompanylawyer.com/?p=407#comment-2989 @fnazeeri - Yes, if a company/exec came to me with this fact pattern, I'd get comfortable with it. @fnazeeri – Yes, if a company/exec came to me with this fact pattern, I'd get comfortable with it.

]]> http://www.startupcompanylawyer.com/2009/01/18/should-a-company-allow-option-exercises-with-promissory-notes/comment-page-1/#comment-1597 Yokum Tue, 20 Jan 2009 06:45:49 +0000 http://www.startupcompanylawyer.com/?p=407#comment-1597 Yes, if a company/exec came to me with this fact pattern, I'd get comfortable with it. Yes, if a company/exec came to me with this fact pattern, I'd get comfortable with it.

]]> http://www.startupcompanylawyer.com/2009/01/18/should-a-company-allow-option-exercises-with-promissory-notes/comment-page-1/#comment-1580 fnazeeri Mon, 19 Jan 2009 03:53:05 +0000 http://www.startupcompanylawyer.com/?p=407#comment-1580 As a general rule I agree. But there are valid exceptions to this, which I think you too would agree with. For example, bringing in a CEO who replaces the founder and has the net worth to handle a full recourse loan but current cash flow doesn't allow an outright stock purchase. As a general rule I agree. But there are valid exceptions to this, which I think you too would agree with. For example, bringing in a CEO who replaces the founder and has the net worth to handle a full recourse loan but current cash flow doesn't allow an outright stock purchase.

]]>