What’s the best way to raise in convertible notes or in your priced equity round?

Yokum Taku (Corporate and Securities Partner @ Wilson Sonsini Goodrich & Rosati)
Is convertible debt with a price cap really the best financing structure?

Mark Suster does a good job analyzing whether convertible debt is preferable to equity, and concludes that convertible debt is better. I’ve pondered the issue of convertible debt vs equity and come to the same conclusion. Most commentators generally seem to be concluding that convertible debt with a price cap is better than a priced Series A round.