--- title: "Meaning & Key Takeaway of: We use convertible notes a lot at our…" description: "\"We use convertible notes a lot at our fund - 8VC - so often that we just call them 'notes' to save time.\" — Joe Lonsdale" image: "https://sms4smile.com/quotes/i/376/joe-lonsdale-6699_convertible_we-use-convertible-notes-a-lot-at-our-fu_548009.jpg" --- # We use convertible notes a lot at our fund - 8VC - so… ![“We use convertible notes a lot at our fund - 8VC - so often that we just call them 'notes' to save time.” quote by Joe Lonsdale](https://sms4smile.com/quotes/i/376/joe-lonsdale-6699_convertible_we-use-convertible-notes-a-lot-at-our-fu_548009.jpg) [Download](https://sms4smile.com/quotes/i/376/joe-lonsdale-6699_convertible_we-use-convertible-notes-a-lot-at-our-fu_548009.jpg) [Open image](https://sms4smile.com/quotes/i/376/joe-lonsdale-6699_convertible_we-use-convertible-notes-a-lot-at-our-fu_548009.jpg) > “We use convertible notes a lot at our fund - 8VC - so often that we just call them 'notes' to save time.” [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The team informally abbreviates “convertible notes” to “notes” for efficiency, reflecting jargon shortcuts. **In simple terms:** They call convertible notes simply “notes.” Key Takeaway Use concise language for speed. Themes efficiency communication jargon finance Mood practical analytical Type business educational When to use this quote - pitch meetings - internal memos - fundraising discussions Key Concepts startup culture financial instruments team dynamics Questions to Reflect On - How does jargon affect clarity? - When is brevity harmful? A Different Perspective Over‑simplification can cause misunderstandings. ★ ★ ★ ★ ★ No ratings yet [Convertible](https://sms4smile.com/quotes/about/convertible/) [Convertible Notes](https://sms4smile.com/quotes/about/convertible-notes-4568387/) [Fund](https://sms4smile.com/quotes/about/fund/) [Fund 8Vc](https://sms4smile.com/quotes/about/fund-8vc-4568388/) [Notes](https://sms4smile.com/quotes/about/notes/) [Notes Save](https://sms4smile.com/quotes/about/notes-save-4568390/) [Save](https://sms4smile.com/quotes/about/save/) [Time](https://sms4smile.com/quotes/about/time/) [Use](https://sms4smile.com/quotes/about/use/) [Use Convertible](https://sms4smile.com/quotes/about/use-convertible-4568389/) ## Related quotes > [The convertible note is a useful and common financing structure in Silicon Valley. It's a form of debt that is really more a type…](https://sms4smile.com/quotes/joe-lonsdale/the-convertible-note-is-a-useful-and-common-financing-structure-in/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [I don't know the role I'm playing. I only know it's mine, non-convertible.](https://sms4smile.com/quotes/wislawa-szymborska/i-don-t-know-the-role-i-m-playing-i-only-know-it-s-mine-non/) [Wislawa Szymborska](https://sms4smile.com/quotes/author/wislawa-szymborska/) > [“If you're in the midst of a midlife crisis, you could buy a convertible, have an affair, or upgrade your cup size. But you'll…](https://sms4smile.com/quotes/jen-lancaster/if-you-re-in-the-midst-of-a-midlife-crisis-you-could-buy-a/) [Jen Lancaster](https://sms4smile.com/quotes/author/jen-lancaster/) > [A girl in the convertible is worth five in the phone book.](https://sms4smile.com/quotes/mae-west/a-girl-in-the-convertible-is-worth-five-in-the-phone-book/) [Mae West](https://sms4smile.com/quotes/author/mae-west/) > [I shall use America and democracy as convertible terms](https://sms4smile.com/quotes/walt-whitman/i-shall-use-america-and-democracy-as-convertible-terms/) [Walt Whitman](https://sms4smile.com/quotes/author/walt-whitman/) > [“I am emotional about engines, if you hurt my car, you hurt my heart.”](https://sms4smile.com/quotes/amit-kalantri/i-am-emotional-about-engines-if-you-hurt-my-car-you-hurt-my-heart/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [“Catey, you were so on it,” said Sophie. “You just stood there and you looked around and you saw this convertible. You pointed at…](https://sms4smile.com/quotes/paul-rudnick/catey-you-were-so-on-it-said-sophie-you-just-stood-there-and-you/) [Paul Rudnick](https://sms4smile.com/quotes/author/paul-rudnick/) > [When I was on 'Top Gear' they thought it was funny I used to have a Vauxhall Cavalier convertible.](https://sms4smile.com/quotes/harry-enfield/when-i-was-on-top-gear-they-thought-it-was-funny-i-used-to-have-a/) [Harry Enfield](https://sms4smile.com/quotes/author/harry-enfield/) > [“I love the wheels, I mean steering wheel.”](https://sms4smile.com/quotes/amit-kalantri/i-love-the-wheels-i-mean-steering-wheel/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [The only person to ever look good in the back of a 4-seater convertible was Adolf Hitler](https://sms4smile.com/quotes/jeremy-clarkson/the-only-person-to-ever-look-good-in-the-back-of-a-4-seater/) [Jeremy Clarkson](https://sms4smile.com/quotes/author/jeremy-clarkson/) > [“Sunlight is great in a convertible, but it is not convertible to lemonade or love, and it’s not containable and easily shipped. It’s too…](https://sms4smile.com/quotes/jarod-kintz/sunlight-is-great-in-a-convertible-but-it-is-not-convertible-to/) [Jarod Kintz](https://sms4smile.com/quotes/author/jarod-kintz/) > [I drive a Mustang. A 2005 five-speed GT convertible.](https://sms4smile.com/quotes/bob-seger/i-drive-a-mustang-a-2005-five-speed-gt-convertible/) [Bob Seger](https://sms4smile.com/quotes/author/bob-seger/) > [I used to drive a convertible around L.A. a lot.](https://sms4smile.com/quotes/jonathan-levine/i-used-to-drive-a-convertible-around-l-a-a-lot/) [Jonathan Levine](https://sms4smile.com/quotes/author/jonathan-levine/) > [“Take care of your car in the garage, and the car will take care of you on the road.”](https://sms4smile.com/quotes/amit-kalantri/take-care-of-your-car-in-the-garage-and-the-car-will-take-care-of-you/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [“Obligingly, visions of sports cars dancing in his head, Theo plopped down on the couch. "Can we look at convertibles? It'd be so cool…](https://sms4smile.com/quotes/nora-roberts/obligingly-visions-of-sports-cars-dancing-in-his-head-theo-plopped/) [Nora Roberts](https://sms4smile.com/quotes/author/nora-roberts/) ## More by Joe Lonsdale > [I am not by any means a philosopher, although I have worked with some talented people in the discipline. But certain philosophical concepts deeply…](https://sms4smile.com/quotes/joe-lonsdale/i-am-not-by-any-means-a-philosopher-although-i-have-worked-with-some/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [America faces a mounting transportation crisis, and the primary culprit is road congestion. Traffic makes us unhealthy, wastes enormous amounts of time, and cripples…](https://sms4smile.com/quotes/joe-lonsdale/america-faces-a-mounting-transportation-crisis-and-the-primary/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [Savvy, competitive investors able to build, buy, and fix companies will continue to stimulate growth by allowing us to do more with less -…](https://sms4smile.com/quotes/joe-lonsdale/savvy-competitive-investors-able-to-build-buy-and-fix-companies-will/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [I believe we live in a positive sum world and wealth isn't just taken or moved around; it's mostly created.](https://sms4smile.com/quotes/joe-lonsdale/i-believe-we-live-in-a-positive-sum-world-and-wealth-isn-t-just-taken/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [Great leaders inspire incredible loyalty in their followers and subordinates.](https://sms4smile.com/quotes/joe-lonsdale/great-leaders-inspire-incredible-loyalty-in-their-followers-and/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [There's no substitute for experiencing ups and downs - seeing how it's okay that things are overwhelming or broken sometimes and how companies recover…](https://sms4smile.com/quotes/joe-lonsdale/there-s-no-substitute-for-experiencing-ups-and-downs-seeing-how-it-s/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [Entrepreneurship is, in large part, about building something from nothing, which means creating a cause.](https://sms4smile.com/quotes/joe-lonsdale/entrepreneurship-is-in-large-part-about-building-something-from/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [Engineering talent is the most precious resource for any technology company - Palantir and Addepar are successful first and foremost because of their top…](https://sms4smile.com/quotes/joe-lonsdale/engineering-talent-is-the-most-precious-resource-for-any-technology/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [Palantir owes much of its success to the amazing talent of the first 30-40 technologists who joined the company, as well as to the…](https://sms4smile.com/quotes/joe-lonsdale/palantir-owes-much-of-its-success-to-the-amazing-talent-of-the-first/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [The inability of middle-class people to receive loans in developing countries has had a stifling effect on economic growth and prosperity around the globe.](https://sms4smile.com/quotes/joe-lonsdale/the-inability-of-middle-class-people-to-receive-loans-in-developing/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [My experiences building Palantir and running Addepar made me aware of serious problems with government and inspired me to build a non-profit to look…](https://sms4smile.com/quotes/joe-lonsdale/my-experiences-building-palantir-and-running-addepar-made-me-aware-of/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [Being able to access that Stanford alumni network was huge - I actually interned at PayPal while I was at Stanford and learned a…](https://sms4smile.com/quotes/joe-lonsdale/being-able-to-access-that-stanford-alumni-network-was-huge-i-actually/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [CEOs shouldn't worry about their budget all the time - on a day-to-day basis, they should work on managing their company, building an awesome…](https://sms4smile.com/quotes/joe-lonsdale/ceos-shouldn-t-worry-about-their-budget-all-the-time-on-a-day-to-day/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [What would I advise an aspiring young entrepreneur? Certainly I'd say read the works of great entrepreneurs and investors like Ben Horowitz, Peter Thiel,…](https://sms4smile.com/quotes/joe-lonsdale/what-would-i-advise-an-aspiring-young-entrepreneur-certainly-i-d-say/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [Engineering is the art of managing scarcity - it's easy to design and build a massive bridge that will last forever if cost is…](https://sms4smile.com/quotes/joe-lonsdale/engineering-is-the-art-of-managing-scarcity-it-s-easy-to-design-and/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) [Explore all 98 Joe Lonsdale quotes ](https://sms4smile.com/quotes/author/joe-lonsdale/) ## More Convertible quotes > [I don't know the role I'm playing. I only know it's mine, non-convertible.](https://sms4smile.com/quotes/wislawa-szymborska/i-don-t-know-the-role-i-m-playing-i-only-know-it-s-mine-non/) [Wislawa Szymborska](https://sms4smile.com/quotes/author/wislawa-szymborska/) > [“Take care of your car in the garage, and the car will take care of you on the road.”](https://sms4smile.com/quotes/amit-kalantri/take-care-of-your-car-in-the-garage-and-the-car-will-take-care-of-you/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [I used to drive a convertible around L.A. a lot.](https://sms4smile.com/quotes/jonathan-levine/i-used-to-drive-a-convertible-around-l-a-a-lot/) [Jonathan Levine](https://sms4smile.com/quotes/author/jonathan-levine/) > [I drive a Mustang. A 2005 five-speed GT convertible.](https://sms4smile.com/quotes/bob-seger/i-drive-a-mustang-a-2005-five-speed-gt-convertible/) [Bob Seger](https://sms4smile.com/quotes/author/bob-seger/) > [“Sunlight is great in a convertible, but it is not convertible to lemonade or love, and it’s not containable and easily shipped. It’s too…](https://sms4smile.com/quotes/jarod-kintz/sunlight-is-great-in-a-convertible-but-it-is-not-convertible-to/) [Jarod Kintz](https://sms4smile.com/quotes/author/jarod-kintz/) > [The only person to ever look good in the back of a 4-seater convertible was Adolf Hitler](https://sms4smile.com/quotes/jeremy-clarkson/the-only-person-to-ever-look-good-in-the-back-of-a-4-seater/) [Jeremy Clarkson](https://sms4smile.com/quotes/author/jeremy-clarkson/) > [“I love the wheels, I mean steering wheel.”](https://sms4smile.com/quotes/amit-kalantri/i-love-the-wheels-i-mean-steering-wheel/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [When I was on 'Top Gear' they thought it was funny I used to have a Vauxhall Cavalier convertible.](https://sms4smile.com/quotes/harry-enfield/when-i-was-on-top-gear-they-thought-it-was-funny-i-used-to-have-a/) [Harry Enfield](https://sms4smile.com/quotes/author/harry-enfield/) > [The convertible note is a useful and common financing structure in Silicon Valley. It's a form of debt that is really more a type…](https://sms4smile.com/quotes/joe-lonsdale/the-convertible-note-is-a-useful-and-common-financing-structure-in/) [Joe Lonsdale](https://sms4smile.com/quotes/author/joe-lonsdale/) > [“Catey, you were so on it,” said Sophie. “You just stood there and you looked around and you saw this convertible. You pointed at…](https://sms4smile.com/quotes/paul-rudnick/catey-you-were-so-on-it-said-sophie-you-just-stood-there-and-you/) [Paul Rudnick](https://sms4smile.com/quotes/author/paul-rudnick/) > [“I am emotional about engines, if you hurt my car, you hurt my heart.”](https://sms4smile.com/quotes/amit-kalantri/i-am-emotional-about-engines-if-you-hurt-my-car-you-hurt-my-heart/) [Amit Kalantri](https://sms4smile.com/quotes/author/amit-kalantri/) > [I shall use America and democracy as convertible terms](https://sms4smile.com/quotes/walt-whitman/i-shall-use-america-and-democracy-as-convertible-terms/) [Walt Whitman](https://sms4smile.com/quotes/author/walt-whitman/) > [A girl in the convertible is worth five in the phone book.](https://sms4smile.com/quotes/mae-west/a-girl-in-the-convertible-is-worth-five-in-the-phone-book/) [Mae West](https://sms4smile.com/quotes/author/mae-west/) > [“If you're in the midst of a midlife crisis, you could buy a convertible, have an affair, or upgrade your cup size. But you'll…](https://sms4smile.com/quotes/jen-lancaster/if-you-re-in-the-midst-of-a-midlife-crisis-you-could-buy-a/) [Jen Lancaster](https://sms4smile.com/quotes/author/jen-lancaster/) > [“Obligingly, visions of sports cars dancing in his head, Theo plopped down on the couch. "Can we look at convertibles? It'd be so cool…](https://sms4smile.com/quotes/nora-roberts/obligingly-visions-of-sports-cars-dancing-in-his-head-theo-plopped/) [Nora Roberts](https://sms4smile.com/quotes/author/nora-roberts/) [Browse all 41 Convertible quotes ](https://sms4smile.com/quotes/about/convertible/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "We use convertible notes a lot at our fund - 8VC - so often that we just call them 'notes' to save time.", "creator": { "@type": "Person", "name": "Joe Lonsdale" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/joe-lonsdale/we-use-convertible-notes-a-lot-at-our-fund-8vc-so-often-that-we-just/", "about": { "@type": "Thing", "name": "Convertible" }, "@id": "https://sms4smile.com/quotes/joe-lonsdale/we-use-convertible-notes-a-lot-at-our-fund-8vc-so-often-that-we-just/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/376/joe-lonsdale-6699_convertible_we-use-convertible-notes-a-lot-at-our-fu_548009.jpg", "contentUrl": "https://sms4smile.com/quotes/i/376/joe-lonsdale-6699_convertible_we-use-convertible-notes-a-lot-at-our-fu_548009.jpg", "url": "https://sms4smile.com/quotes/i/376/joe-lonsdale-6699_convertible_we-use-convertible-notes-a-lot-at-our-fu_548009.jpg", "width": 1080, "height": 1080, "caption": "“We use convertible notes a lot at our fund - 8VC - so often that we just call them 'notes' to save time.” — Joe Lonsdale", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Joe Lonsdale", "item": "https://sms4smile.com/quotes/author/joe-lonsdale/" }, { "@type": "ListItem", "position": 4, "name": "We use convertible notes a lot...", "item": "https://sms4smile.com/quotes/joe-lonsdale/we-use-convertible-notes-a-lot-at-our-fund-8vc-so-often-that-we-just/" } ], "@id": "https://sms4smile.com/quotes/joe-lonsdale/we-use-convertible-notes-a-lot-at-our-fund-8vc-so-often-that-we-just/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```