Pryor Cashman Senior Corporate Partner Stephen Goodman’s article, “Angel on Board: Challenges of Early-Stage Funding,” has been published at GatheringofAngels.com and www.Securities.Law360.com.

Goodman's article, addresses some of the problems faced by a start-up company with an untested business concept when it tries to offer common equity to seed investors, discusses the use of convertible securities as a means to avoid some of these problems, and describes some of the pros and cons involved in the choice of convertible preferred (or “super common”) stock versus convertible notes for early-stage investing.

To read the article, please click here.