Founders Academy: Structuring Convertible Rounds: Aligning Economics with Long-Term Value

Will your convertible round deliver the ownership outcome you expect? Have you modelled follow-on scenarios before signing? And do you understand how small terms can create major dilution later on?

Convertible loans are often seen as a fast and simple way to raise capital. However, many rounds lead to disappointment at conversion because future financing scenarios were not properly modelled in advance. What appears “market-standard” today can result in unintended ownership shifts and unexpected dilution tomorrow.

This first in-person session in Zug provides a clear and practical framework for structuring convertible rounds with foresight. You will learn how key economic terms interact, how to anticipate dilution effects under different follow-on scenarios, and how to align founder and investor expectations from the outset. The focus is on creating predictable and transparent outcomes that support long-term value creation rather than short-term convenience

Register here

Details:

• Date: 22.04.2026
• Time: 12.00-14:00, including Apero and networking
• Location: Xelon AG, Poststrasse 15, 6300 Zug
• Speaker: Marco Fehr, Venture Attorney at Fehr Legal GmbH
• Cost: CHF 30

Session Main Takeaways

• Which deal terms determine founder and investor ownership at conversion
• Why “market-standard” convertibles often underperform in portfolio winners
• How to identify and eliminate silent dilution before signing
• How to negotiate favorable terms without jeopardising the round

Join this session to structure your next convertible round with confidence and protect long-term value.

About Fehr Legal
Fehr Legal works with top entrepreneurs and investors in Swiss high-growth ventures to structure financing rounds and remove venture killers. We blend legal expertise, dealcraft and practical venture experience so startups scale fast and raise from leading investors.