Covenant, Finance and Syndication

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Covenant

Finance

Syndication

Flexible VC, a New Model for Companies Targeting Profitability

David Teten

JANUARY 19, 2021

Part of the magic of revenue-based financing is how historical performance and strong, achievable financial projections are ultimately the backbone of how RBI/RBF investment decisions are made.” Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. Governance. Cash collateral.

Cofounder

Cofounder Technical Review Equity Dividend

Unintended Consequences: When SAFE and Convertible Notes Go Awry

Pascal's View

JULY 9, 2017

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.

Post-Money Valuation

Post-Money Valuation Valuation Cap Table Covenant

StartUpRoar

Flexible VC, a New Model for Companies Targeting Profitability

Unintended Consequences: When SAFE and Convertible Notes Go Awry

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