Remove Covenant Remove Hiring Remove Operations
article thumbnail

Master of Customer Acquisition, Matt Coffin, On Startups …

Both Sides of the Table

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?

article thumbnail

The need for a board grows with complexity

Berkonomics

The operations of the corporation become more complex. Bank loans with restrictive covenants are taken on. Then along comes either money or contracts from strategic or financial investors or partners. Ownership is spread among several classes of investors. The number of employees grows. Email readers continue here.]

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How should I finance my new venture? - Startups and angels: Along.

Tim Keane

Example one: Sustainable net operating income with some growth in a stable market.    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.

Finance 83
article thumbnail

Who are the Major Revenue-Based Investing VCs?

David Teten

The average monthly operating expenses is $70,335. The mode purpose for funding is (in order of frequency) Sales, Marketing, Market Expansion, Product Development, and Hiring Employees. 30% have been operated by females, 70% have been operated by males. The average cash balance is $191,164. Growth support.

Revenue 60
article thumbnail

Your need for a board grows with complexity.

Berkonomics

The operations of the corporation become more complex. Bank loans with restrictive covenants are taken on. Then along comes either money or contracts from strategic or financial investors or partners. Ownership is spread among several classes of investors. The number of employees grows.

article thumbnail

Shark Tank 2012 Holiday Episode Breakdown

Lightspeed Venture Partners

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.

Covenant 162
article thumbnail

One More Time: No NDAs

dashes.com

The same goes for "non-competes" or non- solicitation covenants. If someone hired you, would you have your lawyer look over the NDA? The trick worked and the hyper-sophisticated AC system hummed into operation, but he was still challenged. What is amateurish is presenting poorly written or lopsided ones. zuccaro.joe. |

NDA 52