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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. Flexible VC 102: Variations.
Some restrictive covenants for a limited period of time for former employees are totally fair. They’re about as American as the metric system and hereditary dictatorships. Making sure former employees can’t specifically harm you after they leave is a different story. But by and large, I say good riddance to non-competes.
They’re using community dashboards to keep critical metrics front and center. Just like a company, a community needs objective metrics to know how healthy they are, to identify areas that need improvement, and to gauge progress over time. They’re managing incentives more thoughtfully. Are there a lot of Millennials?
In addition, while most associate venture debt with investments in companies with core technology, more and more venture debt firms are back and willing to offer capital to earlier stage web-based companies with no financial covenants and MAC (material adverse change) clauses.
In addition, while most associate venture debt with investments in companies with core technology, more and more venture debt firms are back and willing to offer capital to earlier stage web-based companies with no financial covenants and MAC (material adverse change) clauses.
Ive spent 20 years developing and managing software projects. But, over time, I noticed that the productivity losses that result from working too many extra hours start taking a bigger toll faster than most software managers realize. What Management Wants.
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