Both Sides of the Table
APRIL 19, 2011
He tells the story of how he was out of cash, stressed out, nobody in LA or Silicon Valley would give him money, he had finally found an investor in Minneapolis but his venture bank was going to shut him down for breaking a “covenant&# in their agreement by not having enough cash in the bank. The answer?
Berkonomics
SEPTEMBER 13, 2010
Bank loans with restrictive covenants are taken on. Second, the audit committee is responsible for hiring an outside auditor as appropriate, reviewing the accounting practices of the corporation and making sure that laws are followed relating to recognition of revenues and expenses. The number of employees grows.
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Tim Keane
MARCH 9, 2011
His entire income is based on his personal output and he’d like to hire several woodworkers, expand his sales to existing customers, and generate a profit in addition to his contributed labor. Appropriate covenants. Appropriate covenants. He needs $250,000 of expansion capital.
Berkonomics
APRIL 4, 2024
Bank loans with restrictive covenants are taken on. Email readers, continue here…] Second, the audit committee is responsible for hiring an outside auditor as appropriate, reviewing the accounting practices of the corporation and making sure that laws are followed relating to recognition of revenues and expenses.
David Teten
AUGUST 19, 2019
The mode purpose for funding is (in order of frequency) Sales, Marketing, Market Expansion, Product Development, and Hiring Employees. 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.
Lightspeed Venture Partners
DECEMBER 10, 2012
The most obvious one would be to hire somebody. Banks often have operating covenants for their loans that require the company to be hitting plan, or close to it. The entrepreneurs did say that they wanted the business expertise of one of the sharks.
Duct Tape Marketing
MARCH 28, 2024
So instead of trying to think of why I'm right or why this person shouldn't be saying this or they were told something, we hire people so we can use their brains on top of whatever else they're doing. And that's not the saying it's blood of the covenant is thicker than water of the womb. That's how important this point is to them.
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