David Teten

JANUARY 19, 2021

Our categorization is not a technical one. Additionally, Flexible VC can accommodate all types of companies, not just asset-lite, tech-enabled companies.”. Governance. Typically promissory note or non-voting common stock, with covenants. Hard covenants with potentially strict penalties. . Cash collateral.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

David Teten

AUGUST 19, 2019

Since 2017 we’ve managed $3 million in revenue-based financing, which helps cash-strapped technology companies grow. Investment Criteria: B2B SaaS or tech-enabled services with proven, recurring contracts. We have reviewed the application process of other RBI lenders and have not found one that has more API connections that ours.

Revenue 60

Revenue Technical Review Software Review Equity 60

Up and Running

APRIL 2, 2015

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. Complete financial statements, preferably audited or reviewed. Agreement on future ratios.

Balance Sheet 60

Balance Sheet SBA Covenant Technical Review 60

Pascal's View

JULY 9, 2017

Andrew Krowne and I recently co-wrote an article in Tech Crunch , Why SAFE Notes Are Not Safe for Entrepreneurs. 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 49

Post-Money Valuation Valuation Cap Table Covenant 49

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.

New Zealand 41

New Zealand Covenant Forecast Government 41

Pascal's View

DECEMBER 17, 2012

My concern, based on my direct experience negotiating half a dozen acquisitions sine 2008 (three in 2012), both inside and outside of technology, is that the negotiating environment for such ‘ acquisition-ready ’ companies is fraught with challenge from the seller’s perspective. I agree with Dennis.

Acquisition 38

Acquisition Merger Covenant Liquidity Event 38