Complete AI Training
Sign inGet my AI kit

Your job's AI kit

Get your AI kit

Tell us who you are and what you do. We show you your kit right away and email you the link: skills, prompts, AI agents, MCP servers and courses for your job.

500+ jobs ready, and we make a kit for any other job. No payment needed to look.

Share

AI agent for venture capitalists

Convertible Note Maturity Agent

No note matures unnoticed, and each has a computed conversion and an informed decision

DecisionsFinance
See how it worksGet access
Convertible Note Maturity Agent: what goes in, what the agent does and what you get

What it does

Convertible notes and SAFEs sit in the portfolio for years. Notes have maturity dates and interest, and a priced round triggers conversion at a cap or discount. When a note matures with no plan, the fund loses leverage or misses a conversion benefit. This agent keeps a table of every note and SAFE with its principal, cap, discount, interest rate and maturity. It computes accrued interest to today and to the maturity date. It also watches for financings that would trigger conversion, and calculates how many shares or what percentage each instrument would convert into at the announced price. Ninety days before maturity it prompts the options, such as extend, convert, repay or wait for a round, and recomputes each. The partner approves any extension or conversion. Edge case: a cap and a discount both apply, and the agent picks the one that gives the better conversion price.

How it works

Follow the arrows from top to bottom. The orange dashed arrow is the loop: when a check fails, the agent goes back and tries again.

Start and resultWhat it doesA check on its own workWaits for your OKGoes back and retries
Yes, continueApprovedYes, continueNoNo 1 STARTS WHEN A note is 90 days from maturity or a financing isannounced 2 USES A TOOL Load note terms and the current cap table 3 DOES Compute accrued interest to today and to maturity 4 DOES Compute conversion price from the cap and thediscount, taking the better one 5 CHECKS THE RESULT Does the conversion result tie to the company's captable within 0.1%? If not: find the difference in share counts or terms andrecompute. Back to step 3. 6 DOES Compare options: extend, convert, repay or wait fora round 7 DOES Write the option summary with ownership effects 8 YOU APPROVE Partner approves any extension or conversion 9 USES A TOOL Send reminders at 60, 30 and 7 days before maturity 10 CHECKS THE RESULT Has a decision been recorded before maturity? If not: escalate to the partner with the remaining days.Back to step 8. 11 RESULT Decision logged and note status updated
Read the steps as a list
  1. A note is 90 days from maturity or a financing is announced
  2. Load note terms and the current cap table
  3. Compute accrued interest to today and to maturity
  4. Compute conversion price from the cap and the discount, taking the better one
  5. Does the conversion result tie to the company's cap table within 0.1%?If not: find the difference in share counts or terms and recompute. Back to step 3.
  6. Compare options: extend, convert, repay or wait for a round
  7. Write the option summary with ownership effects
  8. Partner approves any extension or conversionThe agent waits here for your OK.
  9. Send reminders at 60, 30 and 7 days before maturity
  10. Has a decision been recorded before maturity?If not: escalate to the partner with the remaining days. Back to step 8.
  11. Decision logged and note status updated

How it decides

It converts at the lower of the cap price and the discount price, adds interest as the terms say, and shows the result for each option before maturity.

  • Use the lower of cap price and discount price
  • Compute simple or compound interest as the note states
  • Remind at 60, 30 and 7 days
  • Escalate when under 30 days remain with no decision

Make it yours

Every agent is a starting point. You choose these settings for your own situation.

  • Reminder days (default 60, 30 and 7)
  • Interest convention
  • Portfolio notes in scope
  • Escalation point (default 30 days)

What keeps you in control

It always asks you first

  • Any extension, conversion or repayment demand

Hard limits

  • Never agrees to an extension or conversion
  • Does not contact the company without approval
  • Shows the formula for each result

It stops when

  • Done: decision made and recorded
  • Stop: note terms are missing

Set it up

We guide you through the set-up, step by step

Members get the full set-up guide for this agent. No technical skills needed: you copy, paste and upload.

10 minto set it up in your AI
5 AIsChatGPT, Claude, Copilot, Gemini, Grok
  • One set of instructions to paste into your AI, with the clicks for ChatGPT, Claude, Microsoft 365 Copilot, Gemini and Grok
  • The agent then walks you through connecting your own data, one source at a time
  • A downloadable copy with the flow chart, the rules and the full guide
Get access to this agent

An example run

What happensA $250,000 note at 6% had a $10 million cap and 20% discount, maturing in 74 days. A round at a $14 million pre was announced. The agent computed accrued interest of $11,300, a cap price of $0.714 versus a discount price of $0.80. The company cap table showed different shares, so the check failed. After correcting the share count it matched. The partner approved conversion at the cap.

More agents for venture capitalists

Analysis · Risk management

Business Model Sensitivity Agent

Founders know exactly which assumptions make or break their model.

7 steps1 check10 jobs
Reporting · Finance

Founder Reference Check Agent

A comparable, themed reference summary with at least a set number of independent sources per theme

11 steps2 checks2 jobs
Creating · Analysis

Round Cap Table Modeling Agent

A pro forma cap table and scenario table showing the fund's post-round ownership

10 steps2 checks2 jobs
Planning · Decisions

Follow-On Reserve Planning Agent

A reserve allocation across the portfolio that fits remaining reserves and fund concentration limits

10 steps2 checks1 job