* CRV has created an innovative program to eliminate these issues and help entrepreneurs get up and running quickly - the CRV QuickStart Seed Funding Program. CRV QuickStart explores opportunities in the communications & technology, software & services, and new media sectors. CRV QuickStart provides select entrepreneurs with a loan to fund the work needed to build out your idea, enabling you to explore its potential in its earliest stage before you raise a round of formal equity financing. By offering up to $250,000 in the form of a loan (also referred to as a "convertible note"), we're providing the capital to fuel ideas without that painful seed-stage dilution.
* Convertible note - loan converts into equity only if and when your company closes its next round of funding (typically a Series A round).