Bader shares the Vidly story. Like many startups, Vidly's original idea or concept for a company iterated to be something different today. "You have to be very adaptive," said Chrys.
Chrys also talks about why he chose to do a convertible-debt round rather than an equity round, and some of the terms in the deal.
As John puts it, Vidly managed to do a simple financing, with minor legal costs and a quick turnaround that helped Vidly raise money in just over a month.