更多的初创企业融资将以“可转化为股权的债务”形式进行

由于冠状病毒的影响，很多初创公司融资举步维艰。此外，很多上市公司的估值都有所下降，这也是后期创业公司(私有公司)估值计算的关键参考点。因此，短期内很少有初创公司能够以较高的估值融资。一位高盛的顶级科技银行家指出了一个趋势：许多创业企业将效仿Airbnb的做法，募集可转债，贷款人可以有权利把债务转化为公司的股权。评论：现在startup上市哑火了，跟资本方谈判的筹码很少。投资方出钱的思路是：按照一定利息保底，确保能拿到不错的利息收益；如果来借钱的公司能上市，则有权利换成回报更高的股权。

Many startups struggle to find cash due to the coronavirus. In addition, valuations of many public companies have decreased, which are key reference points for valuations of late-stage startups/private companies. Therefore, few startups will be able to raise money at higher valuations in the short term. A top Goldman Sachs tech banker points out a trend that many private companies will follow Airbnb's steps and raise convertible debt that eventually give lenders equity.   source

指尖新闻：高信噪比，一目了然

新冠疫情追踪