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South Africa has two nuclear reactors generating 5% of its electricity at Koeberg. South African government commitment to the future of nuclear energy is strong, but financial constraints apply. Construction of a demonstration Pebble Bed Modular Reactor in South Africa has been delayed.
The Modikwa platinum mine lies along the border between the Mpumalanga and Limpopo provinces, around 15km north west of Burgersfort. The mine is an underground operation extending over an area of
2018 10 23ensp;0183;ensp;South Africa mining news. Explore related South Africa articles for more information on the South Africa mining industry.
2018 10 19ensp;0183;ensp;South Africa's modern history has often been dated from the first commercial mining of diamonds and gold in the 1870s and the 1880s, when the region became a magnet for European investment (see Diamonds). Mining in the region predated European arrivals by several centuries, however, as the new
AVIATION, AIR TRAFFIC amp; PILOT BURSARIES FOR 2018 amp; 2019. Air traffic controllers work in area control centres and airport control towers and are responsible for the route mapping of aircrafts using the most efficient route, tracking the aircrafts position using
2018 10 23ensp;0183;ensp;General Russia, Algeria sign nuclear energy cooperation agreement, including uranium prospecting and mining Russia and Algeria signed an intergovernmental agreement Wednesday (Sep. 3) to cooperate in nuclear energy, paving the way for possible construction of a nuclear power plant in the North African country, Russia's state run nuclear corporation Rosatom said.
Ancient Gold Sources. The ancient civilizations appear to have obtained their supplies of gold from various deposits in the Middle East. Mines in the region of the Upper Nile near the Red Sea and in the Nubian Desert area supplied much of the gold used by the Egyptian pharaohs.
bid no dmr/011/2017/18. invitation of bids for the appointment of a service provider/s to supply stationery amp; hp toners/ cartridges for the department of mineral resources head office amp; regional offices for a period of three (3) years subject to annual review.
2018 10 5ensp;0183;ensp;REPUBLIC OF SOUTH AFRICA. IN THE HIGH COURT OF SOUTH AFRICA. GAUTENG LOCAL DIVISION. Consolidated Case Number 48226/12. Previous Case Numbers 31324/12
2018 10 23ensp;0183;ensp;Gold is a chemical element with symbol Au (from Latin aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal.Chemically, gold is a transition metal and a group 11 element.It is one of the least reactive chemical elements and is solid under
Located 360km north east of Pretoria, close to the Kruger National Park, Palabora is South Africas leading copper producer, and is also a major source of vermiculite and baddeleyite (zirconium oxide).
DESCRIPTION Platinum, is a heavy, malleable,ductile, highly inactive, silverish white transition metal. Platinum is a member of group 10 elements of the periodic table.It is one among the scarce elements found in Earth's crust and has six naturally occurring isotopes.
2018 10 26ensp;0183;ensp;Mining in the Philippines began around 1000 BC. The early Filipinos worked various mines of gold, silver, copper and iron. Jewels, gold ingots, chains, calombigas and earrings were handed down from antiquity and inherited from their ancestors.
2018 10 25ensp;0183;ensp;Looking for bursaries within the Engineering field? As South Africa's largest bursary website, we have bursaries for Mechanical, Chemical, Civil, Industrial, Electrical, Mining, Environmental, Mining Engineering and more. Apply now to study in 2019.
2013 10 21ensp;0183;ensp;[23 September 2013] Press Release. Adjournment of the Public Hearings. The hearings of the Arms Procurement Commission have been adjourned for the week and will resume on the 30th September 2013.The venue will be utilised by the City of Tshwane for its council activities.
Belgium finances renewable energy projects in Mozambique (16/03/2018) Mozambique and Belgium signed an agreement in Maputo under which the Belgian government has undertaken to provide 12 million euros (about 14.8 million US dollars) for renewable energy projects in remote parts of Mozambique.
Mining Mining, process of extracting useful minerals from the surface of the Earth, including the seas. A mineral, with a few exceptions, is an inorganic substance occurring in nature that has a definite chemical composition and distinctive physical properties or molecular structure. (One organic
2018 9 29ensp;0183;ensp;The following companies are performing uranium prospection and/or exploration in South Africa Acclaim Exploration NL , Uranium One Inc., Simmer and Jack Mines Ltd, First Uranium Corp., Uramin Inc., Yellowcake PLC , Brinkley Mining Plc , Western Uranium Pty Ltd, Lonrho Africa Plc, Witwatersrand Consolidated Gold Resources , DRDGold Limited, Mintails Ltd , Mineral amp; Mining
2018 10 26ensp;0183;ensp;South Africa Diamonds, gold, and imperialist intervention (18701902) South Africa experienced a transformation between 1870, when the diamond rush to Kimberley began, and 1902, when the South African War ended. Midway between these dates, in 1886, the worlds largest goldfields were discovered on the Witwatersrand. As the predominantly agrarian societies of European South Africa
Phone : 0086 13953560679
Email : [email protected]
WhatsApp : 0086 13953560679
© 2017 Shandong Xinhai Mining Technology & Equipment Inc. sitemap


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Frost Tech BD60-180 1.8M Black Multideck Chiller
- Brands: Frost-Tech
- Product Code: BD60-180
- Availability: In Stock
Ex VAT :
Inc VAT :
You Save : 38%
Available Options
Product Information
- External Dimensions: H1950 x W1800 x D600mm
- Standard Delivery: Approximately 3-5 Working Days
- Temperature Range: +2/+5°C
- Black laminated steel exterior
- Black laminated steel interior
- 4 adjustable shelves + base shelf
- Adjustable feet for levelling
- Night blind as standard
- LED lighting on each shelf
- Tempered glass side panels
- 450mm deck size
- Fan assisted
- Automatic defrost
- Electronic controller
- Digital temperature display
- Power Required: 13 amp Plug
- Ambient 25°C @ 60% RH
- Refrigerant R404a
Delivery Information
The information below is specific to this product. Delivery information for other products will vary so please check if ordering other items.
Standard Deliveries
- Free of charge to UK mainland sites
- Made in an estimated 3-5 working days from stock
- Mon/Fri-8am/6pm excluding public/bank holidays
- To pavement only using a 1 man crew
Points To Note
- Booking call made 24-48 hours prior to delivery
- Deliveries will not take place without a booking being made
- On larger units the courier will require customer assistance
- Please check door width/building access before ordering, additional charges will apply for any
- aborted or unpacked delivery
- In more outlying areas such as the north of Scotland delivery times may be extended
Added Value Services
- Next day delivery
- AM/PM delivery
- Navigation of steps or to upper floor site requiring stair walker equipment
- Old cabinet removal from site and safe disposal
- If the cost is not available on page please contact us for prices
Additional Information
If you have any delivery requirements that are not listed or if you require more information, please call 0161 442 9174 and we will do our best to help.
Any restrictions on site or with access to site must be stated on order. Note that driver(s) will not lift items through windows, over counters, up/down steps/stairs or similar restrictions. Charges may apply for services outside of our normal delivery listed above.
|Product Specification
|Height Group
|1501mm - 2000mm
|Width Group
|1501mm - 2000mm
|Depth Group
|< 700mm
|Exterior Finish

subset: commoncrawl


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To increase the vote percentage on November 9, Una administration has identified polling booths where women voted in large numbers in the last Assembly polls to present them as model booths in every Una constituency. Una district has five Assembly constituencies including Una, Haroli, Gagret, Chintpurni and Kutleharh.
According to the information provided by the district administration in Una, in 2012 elections, Una's Fatehwal, Gagret's Loharari, Haroli's Badehra, Chintpurni's Talwal polling booths witnessed maximum polling by the women voters. In Badehra, 94 per cent women had exercised their right to vote in 2012, followed by Una's Fatelwal at 93.88 per cent and Talwal and Loharari witnessing over 88 per cent voting by women.
"Because of more women voters in last elections, we have made these polling booths as model booths for entire district and made it a part of our campaign of inspiring more voters to use their right to vote," said an officer. Una DC and District Election Officer Vikas Labroo had also organised several programmes including rallies under 'Systemaic Voters Education and Electoral participation (SVEEP)' process to ask people to come out and vote.


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25 Jul 2016
Just 4 Days left: BAM! Body Armor Giveaway
There are just 4 days left to join http://reload.one for free to be entered to win a complete body armor package with plates being provided by Body Armor Megastore ( Twitter: @BodyArmorMega). Reload.One is our own social network, set up just for Second Amendment advocates, because you know one day,
21 Jul 2016
July Giveaway! BAM! Body Armor & Plate Carrier
We are giving away a complete Level IIIA body armor package to one random member on July 29th, 2016. All you have to do is sign up, it's free, and participate in the in the network. It's that easy.


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Antique Side Table
Not sure if it's European. Have been told their are other styles in the piece.
Not sure if it's European. Have been told their are other styles in the piece.
Based on your images of this piece, it is in a style often referred to as "Jacobean Revival". The style getting it's name from the fact it was loosely designed to resemble furniture made during the reign of James the 1st ( 1603-24), but uses design elements found on furniture made until the late 17th Century under the reigns of Charles I and Charles II as well. Jacobean Revival furniture has been in continuous production in both England and the USA since the last quarter of the 19th Century ( Circa 1875), Production for pieces like this seems to have peaked before World War two (1939). Today a good example might go for about $500.00.
Thank you. I appreciate he interesting information.


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The Alerts section contains all of the information associated with transactions that haven't issued a dispute, yet.
When Alerts are active, this section will show you a list of "soon-to-be" disputes, and your team can take the appropriate action.
If you want Alerts to appear on the Overview page, you will need to complete the alerts enrollment process. This is where you enter your company's billing descriptors, merchant category code, etc.. The more you enter, the more accurate our Alerts will work for you.
Along with alerting you on potential disputes, the Chargeback App will notify you on every new dispute pulled from your processor.


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Kat is now going to take this opportunity to plug a short article of hers, along with a wonderful photo gallery from photographer Geraint Smith. Visit Izilwane.org for some great articles about the human role in nature and why humans actually care about conservation (because let's be honest, most of us genuinely don't care about science).
To check out one of Kat's awesome little pieces (more to come!), go to http://www.izilwane.org/geraint-smith1.html.
Interested in seeing more of Geraint's photos? Visit his website at http://geraintsmith.com/.
Thanks, everyone!
Tagged with: conservation
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Added on the 24/06/2018 18:52:52 - Copyright : Wochit
iPhone app downloads are high, but the attention span of its users are quite low.
Business Insider reports that Facebook's stock is soaring after beating analysts' expectations for Q4 2018. On Wednesday, the social networking company announced its financial results for the previous quarter. Facebook did better than expected. Its share price jumped 12% in after-hours trading.
According to Business Insider, Facebook's thousands of employees are reportedly unable to use the company's internal iOS apps after it was caught running a data-gathering research app that violated Apple's developer policies. On Tuesday, Apple revoked Facebook's security certificate that gives it access to a special enterprise program, which companies can use to distribute internal apps and tools outside of the public App Store.
Disk partitioning--separating your hard drive into multiple independent volumes--can relieve all sorts of computer-related headaches
19/03/2018 15:46:39
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What happens in Bora, Stays in Social Media.
+ Printed to order through heat-transfer process using high-quality polyurethane material.
+ S-combed and CVC cotton t-shirts. Sobrang ganda ng quality at fit.
+ Saan ka man sa Pinas, pwede bumili. Ships within five working days.
Shop online for more tagalog statement shirts.


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Open House
Our Lady of the Angels will be hosting an Open House the week of November 6th-20th from 12:00pm – 6:00pm.
Tours will be by appointment only. This is an unique opportunity to tour OLA to observe our faculty and students in their classroom setting.
Our second Open House will again take place during Catholic Schools Week, January 28th– February 1st. Tours will be scheduled from 8:00am – 3:00pm daily.
Please contact Mandee Sahd – Havrilla directly at (717) 449-5442 or firstname.lastname@example.com to schedule your tour time.
Parents and Guardians
Please complete the application form below for each child you want to register to attend Our Lady of the Angels. Families registered in Holy Trinity and St. Peter's parishes will receive a scholarship of $150 per student in K3 thru eighth grade. In order for us to hold a place for your child/ren the following must be in place:
- A completed application form
- The registration fee and stationery fee paid.
The discounted 2019-2020 registration fee of $100 must be received by 3:15pm Friday February 1st. After February 1st the registration fee increases to $150 per child. Books and other supplies are purchased based on the number of students who register. Therefore it is imperative that you register as soon as possible. A $35 stationery fee per student is charged for K3 through Grade 8. This fee covers the cost of all supplies (paper, pencils, crayons, etc) for the school year and is paid with the registration fee.
Picture Consent
Mission t-shirts
FACTS Account
All families will need to sign up for a FACTS account to pay tuition, lunch, Angel Care and apply for the Neumann Scholarship. The largest source of financial assistance for our parents is the Neumann Scholarship, which is funded by Pennsylvania's Education Income Tax Credit (EITC). The scholarship application link is the same as the tuition accounts. The deadline for submitting the Neumann Scholarship application is April 15th.
Neumann Scholarship Information
The Diocese of Harrisburg, in response to the Pennsylvania Educational Improvement Tax Credit Law (EITC), created the Neumann Scholarship Foundation. The ElTC progam provides tax credits to businesses that contribute to qualified scholarship organizations. The Neumann Scholarship Foundation has been approved by the State of Pennsylvania as a qualified scholarship organization. All scholarships offered by the Foundation are provided in accord with the laws governing this program.
Should I apply?
School Support Scholarship
The School Support Scholarship is financed with monies earned through the sale of Gift Cards, OLA Scrip Program and Musser's Market Gold cards. Gift Cards for stores, restaurants, convenience stores, gas stations may be purchased at the school office or parish office. Log on to Shop with Scrip to see a complete list of gift cards available.
To utilize the Musser's Gold Card program, go to www.mussersmarket.com/community-rewards/ and register your Gold Card. The deadline for this scholarship is May 1st.
Tuition Rates
Tuition is paid through FACTS Tuition Management Program. Families have the option to schedule monthly, semi-annually or scheduled full payment. A registration fee of $100 and a stationery fee of $35 for each student is to be paid with your completed application form.
PRE-K PROGRAMS (Classroom A, B and C) $2500
K3 students attend 5 days per week full or half day K4 students attend the full day program, 5 days per week
K5 (Kindergarten through Grade 8) July 1- June 15
Tuition Assistance
Tuition Assistance will not be considered until registration to Our Lady of the Angels School is completed in full and all materials and registration fees have been received.
Refer A Friend
Each year, your family can receive a $200 tuition credit for referring one new family to Our Lady of the Angels. To qualify, referrals must be acknowledged during the application process and referenced on your registration form. All students must meet standard enrollment criteria. The new student(s) must remain enrolled for on full marking period (i.e., trimester). If a referred student begins at the start of the school year, credit will be applied to the referral family in the second trimester. If a referred student starts any time between the start of the school year and the end of December, credit will be applied to the referral family in the third trimester. Only one credit will be given per family per school year. The new family's oldest child must be in first grade or higher. Referral credits will apply to the K3, K4 or K5 programs if student(s) enroll in first grade. The principal will grant the final approval for all referral credits.
School Uniforms
Flynn and O'Hara School Uniforms has established a link that will direct you to Our Lady of the Angels School online ordering.


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By Emily Taketa
The persistent popularity of personal care products containing antimicrobial substances such as TCC, or Triclocarban, contributes to the rise in antimicrobial substances in the environment. Even though the U.S. Food and Drug Administration recently indicated TCC as prohibited in soaps, the environmental levels of these substances are still increasing as reflected by their higher concentration in irrigation wastewater. These substances are shown to potentially cause negative impacts on human health, possibly acting as an endocrine disruptor.
As reported in the ACS' Journal of Agricultural and Food Chemistry, Dawn Reinhold and colleagues, tracked the levels of TCC in various parts of the pepper plants by recording the levels of radioactive carbon indicator metabolized. The levels of C14, or radioactive carbon, revealed that the plant did metabolize the antibiotic and in varying concentrations within the plant. Specifically, the scientists found that the jalapeno peppers had relatively lower levels of the harmful substances in the fruit since the TCC was converted to other molecules. So, the levels of TCC, or similar substances, in the environment should be evaluated, since these substances can be eventually consumed by humans through plants.
These findings urge further investigation on the specific health effects of these antimicrobial substances since they are so prevalent in everyday products and, therefore, the environment. Since the plants in this experiment were shown to absorb significant amounts of the harmful substances like TCC in the wastewater, it is crucial to learn how the subsequent consumption of these substances through plants affects individuals.
American Chemical Society. "Pepper plants sop up personal care product antibiotics." ScienceDaily. ScienceDaily, 11 April 2018.


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A few people out there believe that women should be hairless from the eyebrows down. I happen to be one of those people. If you love being hairy, that's cool. Embrace it. You do you. But to me, there's nothing quite as satisfying as walking out of the shower with silky smooth, hairless skin. I feel light and clean, and more importantly, I can lie on my couch at the end of the day in whatever un-ladylike position I want without offending my roommate's eyes. But with a hairless lifestyle comes great responsibility.
When you shave as much as I do, you're prone to things like razor burn, ingrown hairs, and– perhaps the most embarrassing symptom of excessive shaving– itchiness. Some people just deal with it, but I'm tired of sitting down in a board meeting at work and trying to nonchalantly scratch my underarms while praying that the CEO of my company doesn't notice. Luckily, there is a way to stop this torture. The truth is, itchiness after shaving is just a result of razor burn, ingrown hairs, and general skin irritation. So the solution is to stop those things in order to stop the itching.
First, exfoliate your skin on a regular basis. Any exfoliating shower scrub or body wash will do, or just use a loofa and some soap. This will rid your skin of dead or dying cells, making it easier for the razor to cut your hair and not your skin. Exfoliating too much can be irritating to your skin, so don't overdo it. Once a day should be fine. Cleansing the skin before shaving also helps to eliminate bacteria, which can cause further irritation and itchiness.
Even if you do not shave after exfoliating, always use a daily moisturizer. No matter what area of the body you are working on– underarms, legs, face, etc.– keeping your skin hydrated is key. For underarms, use a moisturizing deodorant (solids usually work better than gels).
When you are ready to shave, first soak your skin in warm water for a few minutes to soften everything up. Apply shaving cream in the opposite direction of the hair growth; this allows the hair to stand up away from the skin, making it easier for the razor to cut a close shave. Shaving cream also helps to moisturize and protect your skin from irritation. Avoid shaving creams and other skin products that have high alcohol contents or too many fragrances. These can be drying and contribute to itchiness. Many people also have frequent mild allergic reactions to fragrances, so if your skin is easily irritated you should avoid these like you avoid making eye contact with your ex-boyfriend at your hometown bar the night before Thanksgiving.
Make sure your razor has multiple blades and isn't rusty. Dull, rusty blades usually cause you to apply extra pressure when shaving, making you more prone to nicks and ingrown hairs, which leave your skin sore and later itchy. When you're finished shaving, rinse off all of the extra shaving cream and pat the skin dry. Try to avoid rubbing your skin with a towel, as that can cause unnecessary redness. Use a moisturizing lotion or oils, and apply an aftershave or anti-bump serum. These will all help prevent dryness and redness. If you do experience itching, try not to scratch it. I know, it's tough, but it will only get worse. If the itching is unbearable, use hydrocortisone or another fragrance-free anti-itch cream. Don't shave until the irritation subsides, and then scroll back up to paragraph three, and try again.


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15 March 2019 13:12 (UTC+04:00)
By Trend
An earthquake of 3 magnitude was observed in Azerbaijan's Aghsu region at 18:19 on March 14, Trend reports referring to the Republican Seismic Survey Center of the country.
Tremors were recorded nine kilometers south-west of Pirgulu station.
The earthquake was felt in the territories of Shamakhi city and Pirgulu settlement.
Follow us on Twitter @AzerNewsAz


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Invalid slut begged, and then demanded that my friend fulfill his male duty, filling her bosom with biological nectar for the reproduction of the next generation. A rare little bird without preparation starts up all serious things - fucks two men, disposing of these to double penetration, resolutely sits down and whines sweetly, as if urging money to be active. Then the level of pleasure would increase in proportion to the strength of the pain experienced by the woman at the first penetration into the anus after several deflorations. In the early morning, the nymphet runs out onto the terrace in her panties and T-shirt, in which she usually sleeps in her royal bed, runs to the streamlet, baring herself along the way, and sits naked in a small lake with spring water. The explosive temper of the brunette immediately attracted a glamorous handsome man, and behind her, timidly pleading with lust, stood a young man who wanted to try all the delights of a group libation with an easily accessible slag. The blonde will call the girl, with whom she easily managed to establish friendly relations, the lady will act like a real priestess, offering to accept a guy for libation, as if that banner in the hands of concerned feminists. Unfortunately, there are no skinny little things at all, instead of spherical forms there are only rocky protrusions of the pelvis, but at least there is a gap between the thighs.
Russian nurse Yulka came to a strengthening back massage16070 2017-11-04 13:59:43
Rating: 3


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Brenden Alexander
Proviso West High Class of 2013
Personal Info
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- 2013
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Sparkly Tropical Monstera Mini Clutch!
HEY PLANT LADIES! Here you go! This clutch will most definitely keep your life, and big bag, a little more organized! No green thumb, sunlight or water needed! Just fill and love!
5.5" with 5" YKK metal top zipper!
Designed & handmade in Brooklyn, NY.


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Creative Services : Smart TARGET : Company Store : HR Solutions
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We have designed, developed and implemented branded merchandise solutions for some of the world's most admired and valuable brands. Our unique combination of superior technology, passionate people, creative solutions, and high levels of personal service make us the standard for corporate branding solutions.
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When we first started our company, convertible notes were all the rage, and they were pitched to me like this – "Convertible notes are cheaper and easier than priced rounds." Then I talked to a friend who had raised $1M+ on a note and was paying a pretty penny in interest now that the note had reached maturity and he hadn't raised his next round. He said, "I wish I never had raised using a note, an equity financing would have been a lot cheaper in the long run."
That stuck with me, and it also inspired me to do a deeper dive into the differences between convertible notes and priced rounds. What I learned is that, at at early stage (i.e. raising your first $2M or less), the idea that notes are "cheaper" and "easier" doesn't really pan out. When it comes to all of the complexity that people attribute to priced rounds, I actually found the opposite to be true, notes add more complexity, the complexity just comes into play later on down the road…which is usually the worst timing.
I think the reason why founders get tricked into thinking that Convertible Notes are cheaper is because the upfront costs might be lower, but if you do the math, the end-to-end process can actually be more expensive than raising a proper equity round.
You may have heard that it's cheaper, faster and easier to do a convertible note, but the fact is that convertible notes are going to end up costing the company approximately 25% MORE than an equity deal. The reason for this is that when the note converts, then it converts into EQUITY. That means that the company pays twice for the legal: once to do the note and another time to do the equity. So if a convertible note cost $2500 in legal fees and the equity deal cost $10,000, then the convertible note all-in is going to cost the company $12,500. Why not just do it right in the first place and put all that money to work for the company?(Source – Rockies Venture Club)
Another thing I hear a lot about convertible notes is that it allows you to delay the dreaded conversation about valuation. Sorry, but this just isn't true. Pretty much every note you'll see has a cap, and yeah – most investors look at that cap and see it as your valuation. Yes, there's some math here that makes it different but nobody's doing that math. The reality is that you aren't delaying the process of setting a price by using a capped convertible note, you're just communicating the price in a different way.
So why not just have an uncapped note? Good luck getting any investors onboard with that. Uncapped notes are more of a myth than a reality IMO.
Now let's talk about maturity dates. Unlike equity investments, which are an actual investment, i.e. someone pays you money for a chunk of your company, notes are debt. Like most debt, there are stipulations on what happens if you don't pay off (or convert) the debt in a given timeframe.
Most founders pick somewhere in the 12 – 18 month range for a maturity date assuming by then they'll raise a nice big round, convert the note, and ride their unicorn into the sunset. Now here's the harsh reality. Just about everything you plan for will take twice as long and cost twice as much…which means that once your maturity date hits, there's a good chance you're not going to be where you thought you were.
I know what you're thinking now. But wait!?! Everything I read on Techcrunch and all of my favorite VC bloggers show explosive growth followed by a nice juicy A Round within 12 – 18 months of raising my Seed round, so isn't that the norm? What about all those fancy projections I made and pitched over and over again…are you saying those aren't going to happen?!?
Sorry to be the bearer of bad news. The norm is for companies to go bust in that timeframe. For those who can power through and find some product-market-fit, they're alive by the note maturity date but they might not be in a place to raise. Sounds grim? It can be, which is why setting a relatively arbitrary date on when you'll be ready to raise next doesn't really make much sense so early in the game. Oh and if you're wrong, you'll end up paying interest, which means along with now being off your plan and running low on money, you're now bleeding even more money.
Okay, now for the last but certainly not least disadvantage to a convertible note – the strange misalignment of incentives that takes place with a note if the company is in a position to raise an A Round.
A second disadvantage is the nonalignment of incentives between seed-round investors and company management. The latter want the Series A round to be at as high a valuation as possible, so they dilute their ownership as little as they can. In contrast, seed investors want the next round to be as low as possible so they get the biggest percentage of the company that they can for their investment.(Source – Wharton Magazine)
So let's summarize:
- In the end, convertible notes can end up costing more money than equity financing, and add a lot more complexity later down the road
- Note maturity dates add stress around a relatively arbitrary date
- Interest payments (post-maturity) can bleed money from a startup at their most vulnerable time
- Incentives between founders and investors going into the A Round can get dicey
- You're not delaying the conversation about price, seriously you're not so don't trick yourself into thinking that a cap is completely different. Yes it's different but investors will still say "oh their cap was $6M but I just don't think they're worth that much" all day long…
- With an equity round you're giving investors a piece of your company, with a note you're taking on debt, and well, debt is debt and I don't think you should choose debt if you have the option not to (sounds simple right?)
I know this is a relatively controversial topic but heck, I'm not alone in my distaste for convertible notes, here's some additional reading you can do if you don't want to take my word for it because who the heck is this Morgan guy anyway?
Further reading on why convertible notes suck:
Wharton Magazine – The Two Disadvantages of Convertible Notes
Rockies Venture Club – Ten Reasons Why Not To Use Convertible Debt
Lighter Capital – Top 5 things to consider before getting convertible debt
Alex Iskold – The absolute worst thing about convertible debt
JRPixels – Most pre-revenue deals should be priced equity rounds, not convertible debentures


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By Jennifer Probst
Tristan Pierce left the kinfolk enterprise to carve out a lifetime of his personal, yet by no means forgot his passionate affair with the a lot more youthful, green Sydney Greene, or the hurtful breakup that tore him aside. while he's compelled to come domestic and face his earlier, will he be ready to carve out a destiny, or will lies break his moment probability at love?
Sydney Greene enjoyed Tristan her whole existence but if he left, he took not just her middle, yet her belief in addition to him. Now that they're jointly back, it's time they either face the most important mystery of all...
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Extra resources for All or Nothing at All (The Billionaire Builders Book 3)
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All or Nothing at All (The Billionaire Builders Book 3) by Jennifer Probst
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