Pascal Levensohn and Andrew Krowne recently published an article: “Why Safe Notes are not safe for entrepreneurs.” The authors were critical of the safe, describing it (as the click-bait title suggests), as bad for entrepreneurs. But the authors make an important point – which was clarified by Levensohn in a follow-up post — with which we don’t disagree: both investors and entrepreneurs need to understand the way that convertible securities convert, and they need to understand dilution.Jul 11, 2017
Jon is a the Managing Director, Partnerships at Y Combinator. He previously counseled public and private technology companies as an attorney for Wilson Sonsini Goodrich and Rosati. He also ran ThinkEquity’s private placement department and worked as a Managing Director at Merriman Curhan & Ford. Jon earned a J.D. from the University of Michigan Law School, and a B.A. in English Literature and Religious Studies from Wesleyan University.