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(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. Similar to the explosion of seed funds in the past decade, we (and some limited partners too ) believe these Flexible VCs are on the forefront of what will become a major segment of the venture ecosystem. Of the Inc. 5000 companies, only 6.5% return cap.
Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. In 2019 we partnered with several revenue-based lending providers, effectively creating a marketplace. “. According to John Borchers, Co-founder, Decathlon is the largest revenue-based financing investor in the US.
When it comes time to convert the notes, these entrepreneurs face ‘sticker shock’ about their post-financing ownership. The easiest way to do so is via SAFE notes, due to their simplicity, “available online” documentation, no major covenants established to protect the investors, no governance implications at the board level, etc.
We have previously made the case that professional investors demand more in the form of restrictive covenants and lower valuations. In a number of cases, these VC partners have made the difference between success and failure or at least growth vs. stagnation. This statement could be considered controversial.
We have previously made the case that professional investors demand more in the form of restrictive covenants and lower valuations. In a number of cases, these VC partners have made the difference between success and failure or at least growth vs. stagnation. This statement could be considered controversial.
Venture or angel-financed companies with plenty of working capital sometimes are immune to this working capital need for some time into their growth, but at some point, it will become clear that the cheapest form of finance is not equity in a growing enterprise. Read the loan covenants carefully. It may not be equity.
Venture or angel-financed companies with plenty of working capital sometimes are immune to this need for some time into their growth, but at some point it will become clear that the cheapest form of finance is not equity in a growing enterprise.
We have previously made the case that professional investors demand more in the form of restrictive covenants and lower valuations. In a number of cases, these VC partners have made the difference between success and failure or at least growth vs. stagnation. This statement could be considered controversial.
In the last six months, we have augmented some of our existing venture financing with venture debt as the market has become quite competitive which means pricing and terms are getting more attractive for all of us. The trick for entrepreneurs is to look at bringing on debt concurrent or soon after your close of equity financing.
In the last six months, we have augmented some of our existing venture financing with venture debt as the market has become quite competitive which means pricing and terms are getting more attractive for all of us. The trick for entrepreneurs is to look at bringing on debt concurrent or soon after your close of equity financing.
TEC is one of Canada’s largest and most experienced private credit firms, specializing in providing asset-based capital solutions to companies that are underserved or overlooked by traditional sources of financing, primarily banks. The firm has made more than $4.5
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