Viewing profile — nemanja-mit

Surprisingly, bio is pretty similar to software capital-wise, at least initially and the standard YC deal works well. Jared and Jorge wrote good pieces around this recently - https…

Key terms are interest rate (coupon) and conversion premium. These are not printed on preliminary prospectus and will be printed on the final once the pricing is determined. They w…

looks like you've done time on a coverts desk ;)

> probably much smarter to distribute their lender among multiple entities than one giant bank that would have leverage on them The banks you see on the front page of the prospectu…

actually that law predates the explosion of the student debt market. it was intended to close a loophole - lore goes that law school graduates would default on their student loans …

It's a recruiting tool, that's all. They want to be a bit open sourcey to attract top talent. The broken unit test battery that comes with it is a job interview tool.