David Teten

JANUARY 19, 2021

As two fund managers employing Flexible VC, we think it is a healthy addition to the ecosystem and will yield more predictable and stable healthy returns for investors. Too often, investment structures force the management team to make decisions between misaligned growth and investment (return) objectives. Governance.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

OnlyOnce

APRIL 23, 2024

Normally, I’m in favor of small government and fewer regulations, but this is one where I think the government has a legitimate interest in setting up guardrails to a free market. Some restrictive covenants for a limited period of time for former employees are totally fair.

Non-Compete 71

Non-Compete Covenant California Government 71

NZ Entrepreneur

FEBRUARY 17, 2019

Reviewing a company’s capital, governance, operations and being aware of what the market is doing, can provide a number of early warning signs and key triggers to analyse the state of your business and, during periods of growth, avoid over-trading – before it’s too late. Governance. Staff/Management.

New Zealand 41

New Zealand Covenant Forecast Government 41

Pascal's View

JULY 9, 2017

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. All of these items are postponed until the elusive priced equity round. It’s going to be great!”.

Post-Money Valuation 49

Post-Money Valuation Valuation Cap Table Covenant 49

David Teten

AUGUST 19, 2019

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. Like other RBI firms, Decathlon does not require warrants, governance involvement, or the types of financial covenants that are often associated with other venture debt type solutions.

Revenue 60

Revenue Technical Review Software Review Equity 60

Berkonomics

JULY 16, 2020

Read the loan covenants carefully. Then there is the loan audit fee, often more than $4,000 a year, to pay for the lender’s auditor to make sure the collateral and company are compliant with the covenants of the loan. A five-day float increases the actual interest rate by up to an additional 2% over the stated rate.

Covenant 62

Covenant Dilution Warrant Intellectual Property 62

Pascal's View

DECEMBER 17, 2012

It is critical to know the state of the art in merger terms leading to an acquisition and in post-merger covenants, particularly with respect to the release of cash consideration held in escrow or as a holdback by the buyer.

Acquisition 38

Acquisition Merger Covenant Liquidity Event 38