{"id":766,"date":"2012-09-05T21:25:58","date_gmt":"2012-09-06T04:25:58","guid":{"rendered":"http:\/\/www.techventurebusiness.com\/?p=766"},"modified":"2012-09-05T21:32:47","modified_gmt":"2012-09-06T04:32:47","slug":"%e3%82%b7%e3%83%bc%e3%83%89%e8%b3%87%e9%87%91%e8%aa%bf%e9%81%94%e3%81%ab%e3%81%8a%e3%81%91%e3%82%8b%e3%82%a4%e3%83%8e%e3%83%99%e3%83%bc%e3%82%b7%e3%83%a7%e3%83%b3%ef%bc%88%e8%84%b1%e3%82%b3%e3%83%b3","status":"publish","type":"post","link":"https:\/\/www.techventurebusiness.com\/blog_jpn\/archives\/766","title":{"rendered":"\u30b7\u30fc\u30c9\u8cc7\u91d1\u8abf\u9054\u306b\u304a\u3051\u308b\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\uff08\u8131\u30b3\u30f3\u30d0\u30fc\u30c1\u30d6\u30eb\u30ce\u30fc\u30c8\uff09"},"content":{"rendered":"<p>\u30b7\u30fc\u30c9\/\u30a8\u30f3\u30b8\u30a7\u30eb\u306e\u8cc7\u91d1\u8abf\u9054\u3092\u512a\u5148\u682a\u306b\u3088\u308b\u3082\u306e\uff08\u65e5\u672c\u3067\u8a00\u3046\u300c\u7b2c\u4e09\u8005\u5272\u5f53\u5897\u8cc7\u300d\u306b\u3042\u305f\u308b\u611f\u3058\u3067\u3059\uff09\u3067\u306f\u306a\u304fconvertible notes\uff08\u30b3\u30f3\u30d0\u30fc\u30c1\u30d6\u30eb\u30fb\u30ce\u30fc\u30c8\uff09\u3067\u884c\u3046\u3068\u3044\u3046\u3084\u308a\u65b9\u306f\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u3067\u306f\u3053\u3053\u6570\u5e74\u3067\u3059\u3063\u304b\u308a\u5b9a\u7740\u3057\u307e\u3057\u305f\u3002\u4eca\u3067\u306f\u5272\u5408\u306f\u904e\u534a\u6570\u3092\u8d85\u3048\u308b\u3068\u304b\u3002\u65e5\u672c\u767a\u3067\u7c73\u56fd\u767b\u8a18\u3059\u308b\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u4e2d\u306b\u3082\u3001\u3053\u306e\u65b9\u6cd5\u3067\u3084\u3063\u3066\u3044\u308b\u3068\u3053\u308d\u3082\u3061\u3089\u307b\u3089\u898b\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002convertible notes\u304c\u4f55\u304b\u306b\u3064\u3044\u3066\u306f<a href=\"http:\/\/jp.techcrunch.com\/archives\/jp20111105the-guide-to-start-business-in-silicon-valley-for-japnanese2\/\">AppGrooves\u67f4\u7530\u3055\u3093\u306eTechCrunch\u3078\u306e\u5bc4\u7a3f\u8a18\u4e8b<\/a>\u304c\u826f\u304f\u307e\u3068\u307e\u3063\u3066\u3044\u307e\u3059\u306e\u3067\u3054\u53c2\u7167\u4e0b\u3055\u3044\u3002<\/p>\n<p>Convertible notes\u306f\u8ee2\u63db\u793e\u50b5\u306e\u4e00\u3064\u3067\u3001\u3082\u3068\u306f\u4f8b\u3048\u3070Series A\u3068B\u306e\u9593\u3092\u3064\u306a\u3050\u305f\u3081\u306e\u30d6\u30ea\u30c3\u30b8\u30ed\u30fc\u30f3\u3068\u3057\u3066\u4f7f\u308f\u308c\u3066\u3044\u305f\u3082\u306e\u3067\u3059\u3002\u304c\u3001\u305d\u306e\u7c21\u6613\u6027\uff08\u308f\u305a\u304b5\u304b\u30897\u30da\u30fc\u30b8\u306e\u8cc7\u6599\uff09\u304c\u30b7\u30fc\u30c9\u671f\u306b\u304a\u91d1\u3092\u304b\u3051\u305a\uff08\u5f01\u8b77\u58eb\u8cbb\u7528$5000\u304f\u3089\u3044\u3067\u6e08\u3080\uff09\u30b9\u30d4\u30fc\u30c7\u30a3\u30fc\u306b\uff08\u3053\u306e\u6642\u70b9\u3067\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3092\u6c7a\u3081\u308b\u5fc5\u8981\u304c\u306a\u3044\uff0b\u7d30\u304b\u3044\u4ea4\u6e09\u304c\u5c11\u306a\u3044\uff09\u304b\u3064\u968f\u6642\uff08\u6295\u8cc7\u5bb6\u3054\u3068\u306b\u3053\u3068\u306a\u3063\u3066ok\uff09\u8cc7\u91d1\u8abf\u9054\u3059\u308b\u306e\u306b\u6700\u9069\u3001\u3068\u3044\u3046\u3053\u3068\u3067\u597d\u307e\u308c\u3066\u4f7f\u3046\u3088\u3046\u306b\u306a\u3063\u3066\u304d\u307e\u3057\u305f\u3002Y Combinator\u306f\u3058\u3081\u63a8\u9032\u3059\u308b\u4eba\u304c\u591a\u3044\u4e00\u65b9\u3067\u3001\u8457\u540d\u306aVC\u3067\u516c\u306b\u53cd\u5bfe\u3059\u308b\u4eba\u304c\u3044\u308b\u306a\u3069\u3001\u305d\u306e\u662f\u975e\u306b\u3064\u3044\u3066\u306f\u304b\u306a\u308a\u610f\u898b\u304c\u5206\u304b\u308c\u308b\u3068\u3053\u308d\u3067\u3057\u305f\u3002<\/p>\n<p>\u5178\u578b\u7684\u306a\u30bf\u30fc\u30e0\u3068\u3057\u3066\u306f\u30011\u5e74\u304f\u3089\u3044\u3092\u6e80\u671f\u3068\u3057\u305f\u30ed\u30fc\u30f3\u3067\u3001\u305d\u306e\u9593\u306bSeries A\u304c\u884c\u308f\u308c\u308b\u5834\u5408\u306f\u4e88\u3081\u65e2\u5b9a\u3057\u305f\uff08\u6709\u5229\u306a\uff09\u6761\u4ef6\u3067\u682a\u5f0f\u306b\u8ee2\u63db\u3059\u308b\u3068\u3044\u3046\u3082\u306e\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u3088\u3046\u306a\u8cc7\u91d1\u8abf\u9054\u304c\u884c\u308f\u308c\u306a\u3051\u308c\u3070\u3001\u4ea4\u6e09\u306e\u672b\u30ed\u30fc\u30f3\u306e\u30bf\u30fc\u30e0\u3092\u5909\u3048\u308b\u304b\u3001\u3055\u3082\u306a\u304f\u3070\u3001\u65e2\u5b9a\u3057\u305f\u5229\u5b50\u3068\u3068\u3082\u306b\u8fd4\u6e08\u3059\u308b\u3001\u3068\u3046\u3044\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u4eca\u3084\u3053\u306e\u65b9\u6cd5\u3067\u8cc7\u91d1\u8abf\u9054\u3057\u305f\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u306e\u6570\u306f30,000\u306b\u53ca\u3073\u3001\u30ed\u30fc\u30f3\u306e\u7dcf\u984d\u306f\u4f55\u3068\u63a8\u5b9a$50 billion\u3068\u304b! \u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u7d4c\u6e08\u3060\u3051\u3067\u305d\u3093\u306a\u984d\u306e\u8ca0\u50b5\u3092\u62b1\u3048\u3066\u3044\u308b\u308f\u3051\u3067\u3059\u3002\u8fd4\u6e08\u80fd\u529b\u306e\u306a\u3044\u4eba\uff08\u4f01\u696d\uff09\u306b\u3053\u3093\u306a\u306b\u8cb8\u4ed8\u304c\u3042\u308b\u306a\u3093\u3066\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u5f77\u5f7f\u3063\u3066\u306a\u8a71\u3057\u3082\u3042\u308b\u308f\u3051\u3067\u3059\u3002\u304c\u3001\u73fe\u5b9f\u7684\u306b\u306f\u6697\u9ed9\u306e\u4e86\u89e3\u304c\u3042\u3063\u3066\u3001\u8fd4\u6e08\u3092\u8981\u6c42\u3059\u308b\u6295\u8cc7\u5bb6\u306f\u307b\u307c\u3044\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u305d\u308c\u3067\u3082\u5951\u7d04\u4e0a\u50b5\u6a29\u306f\u50b5\u6a29\u3002\u5012\u7523\u306b\u8ffd\u3044\u3053\u3081\u3089\u308c\u306a\u3044\u30ea\u30b9\u30af\u304c\u306a\u3044\u308f\u3051\u3067\u306f\u306a\u3044\u3067\u3059\u3057\u3001\u305d\u3082\u305d\u3082\u304d\u3063\u3061\u308a\u5951\u7d04\u3067\u56fa\u3081\u3066\u308b\u306e\u306b\u5b9f\u969b\u306e\u904b\u7528\u306f\u7570\u306a\u308b\u3001\u3068\u3044\u3046\u306e\u306f\u5951\u7d04\u793e\u4f1a\u30a2\u30e1\u30ea\u30ab\u7684\u306b\u306f\u304b\u306a\u308a\u6c17\u6301\u3061\u60aa\u3044\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3067\u3001\u3053\u306e\u5ea6\u3001TheFunded.com\u3068the Founder Institute \u306e\u30d5\u30a1\u30a6\u30f3\u30c0\u30fc\u3067\u3042\u308b Adeo Ressi\u3068, \u5148\u65e5\u3082\u8a71\u306b\u51fa\u305fWilson Sonsini\u306e<a href=\"http:\/\/www.startupcompanylawyer.com\/2012\/08\/31\/what-is-convertible-equity-or-a-convertible-security\/\" target=\"_blank\">Yokum Taku\u3055\u3093\u304c\u5354\u529b\u3057\u3066\u8003\u6848<\/a>\u3057\u305f\u306e\u304c\u3001Convertible Equity\u3002\u7aef\u7684\u306b\u306fconvertible notes\u304b\u3089\u6e80\u671f\u3067\u306e\u8fd4\u6e08\u53ca\u3073\u5229\u5b50\u3068\u3044\u3046\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3078\u306e\u30ea\u30b9\u30af\u8981\u56e0\u3092\u3068\u3063\u3071\u3089\u3063\u3066\u3001\u305d\u306e\u4ed6\u306e\u6761\u4ef6\u3092\u8abf\u6574\u3059\u308b\u3053\u3068\u3067\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3001\u6295\u8cc7\u5bb6\u53cc\u65b9\u306b\u3068\u3063\u3066\u7d0d\u5f97\u611f\u306e\u3042\u308b\u3082\u306e\u306b\u3057\u307e\u3057\u3087\u3046\u3068\u3044\u3046\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>Equity\u3068\u3044\u3046\u540d\u79f0\u306f\u3061\u3087\u3063\u3068\u8aa4\u89e3\u3092\u62db\u304f\u304b\u306a\u3068\u601d\u3063\u305f\u308a\u3057\u307e\u3059\u304c\u3001\u73fe\u5b58\u306e\u554f\u984c\u306b\u5bfe\u3059\u308b\u30b7\u30f3\u30d7\u30eb\u3067\u30a8\u30ec\u30ac\u30f3\u30c8\u306a\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u306a\u306e\u3067\u306f\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u304b\u3089\u69d8\u3005\u306a\u4eba\u306e\u610f\u898b\u30fb\u8b70\u8ad6\u3092\u901a\u3057\u3066\u30d6\u30e9\u30c3\u30b7\u30e5\u30a2\u30c3\u30d7\u3057\u3066\u3044\u304f\u3068\u306e\u3053\u3068\u3067\u3059\u304c\uff08<a href=\"http:\/\/www.quora.com\/Angel-Investing\/What-do-active-investors-think-about-Adeo-Ressis-convertible-equity-term-sheet\" target=\"_blank\">Quora<\/a>\u3084\u63b2\u8f09\u3055\u308c\u305f<a href=\"http:\/\/techcrunch.com\/2012\/08\/31\/thefunded-founder-institute-and-wilson-sonsini-debut-startup-friendly-seed-financing-vehicle-convertible-equity\/\" target=\"_blank\">TechCrunch\u8a18\u4e8b<\/a>\u306e\u30b3\u30e1\u30f3\u30c8\u6b04\u306a\u3069\u3067\u6d3b\u767a\u306a\u8b70\u8ad6\u304c\u307f\u3089\u308c\u307e\u3059\uff09\u3001\u3053\u3046\u3057\u3066\u8d77\u696d\u5bb6\u30fb\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u3092\u56f2\u3080\u5f01\u8b77\u58eb\u3084\u4f1a\u8a08\u58eb\u306a\u3069\u30b5\u30fc\u30d3\u30b9\u306e\u5206\u91ce\u3067\u3082\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u304c\u8d77\u3053\u3089\u3093\u3068\u3059\u308b\u3068\u3053\u308d\u304c\u3001\u307e\u3055\u306b\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u3060\u306a\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u304b\u306a\u308a\u30c6\u30af\u30cb\u30ab\u30eb\u306a\u8a71\u3057\u306a\u306e\u3067\u4e00\u90e8\u306e\u4eba\u5411\u3051\u3060\u3068\u306f\u601d\u3044\u307e\u3059\u304c\u3001\u8208\u5473\u304c\u3042\u308c\u3070\u305c\u3072\u4e0a\u8ff0\u306e\u30ea\u30f3\u30af\u3092\u53c2\u7167\u3057\u3066\u4e0b\u3055\u3044\u3002\u307e\u305f\u3001\u65e5\u672c\u3067\u3053\u308c\u304c\u53ef\u80fd\u304b\u3001\u3068\u3044\u3046\u8a71\u3057\u306f<a href=\"https:\/\/plus.google.com\/+TetsuyaIsozaki\/posts\/BVAYNchbAhr\" target=\"_blank\">\u78ef\u5d0e\u54f2\u4e5f\u3055\u3093\u304c\u66f8\u3044\u3066\u304f\u308c\u305d\u3046<\/a>\u3067\u3059\u306e\u3067\u3001\u8ffd\u3063\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3067\u306f\u4eca\u65e5\u306f\u3053\u306e\u8fba\u3067\u3002<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30b7\u30fc\u30c9\/\u30a8\u30f3\u30b8\u30a7\u30eb\u306e\u8cc7\u91d1\u8abf\u9054\u3092\u512a\u5148\u682a\u306b\u3088\u308b\u3082\u306e\uff08\u65e5\u672c\u3067\u8a00\u3046\u300c\u7b2c\u4e09\u8005\u5272\u5f53\u5897\u8cc7\u300d\u306b\u3042\u305f\u308b\u611f\u3058\u3067\u3059\uff09\u3067\u306f\u306a\u304fconvertible notes\uff08\u30b3\u30f3\u30d0\u30fc\u30c1\u30d6\u30eb\u30fb\u30ce\u30fc\u30c8\uff09\u3067\u884c\u3046\u3068\u3044\u3046\u3084\u308a\u65b9\u306f\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u3067\u306f\u3053\u3053\u6570\u5e74\u3067\u3059\u3063\u304b\u308a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[15],"class_list":["post-766","post","type-post","status-publish","format-standard","hentry","category-funding","category-7","tag-15"],"_links":{"self":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts\/766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/comments?post=766"}],"version-history":[{"count":5,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts\/766\/revisions"}],"predecessor-version":[{"id":771,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/posts\/766\/revisions\/771"}],"wp:attachment":[{"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/media?parent=766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/categories?post=766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techventurebusiness.com\/blog_jpn\/wp-json\/wp\/v2\/tags?post=766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}