Convertible notes can be tricky and cause unexpected consequences to both founders and their investors.
If this is confusing, always remember — a pre-money valuation is the valuation pre (before) the new money invested. A post-money valuation is the valuation post (after) after the new investment.
Dilution is just a necessary part of growth. There are many things you can do to prepare and calculate dilution ahead of time.
Simple fundraising solutions for African founders.