David Teten

JANUARY 19, 2021

Part of the magic of revenue-based financing is how historical performance and strong, achievable financial projections are ultimately the backbone of how RBI/RBF investment decisions are made.” Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Professor VC

JANUARY 17, 2008

One of my comments was that we would likely see more institutionalization of angel groups and syndication of deals among groups. If my math is correct, this is approximately a 31% IRR, which has to beat individual angel investments on aggregate and venture capital returns over the period of the study (1990-2007).

Pre-Money Valuation 28

Pre-Money Valuation Angel Investor Angel Groups Valuation 28

Feld Thoughts

AUGUST 1, 2018

We are syndication agnostic, being indifferent between investing by ourselves or with co-investors – especially our partner funds – where we mostly have long and successful relationships. We are very long-term investors, focusing on net cash on cash returns, rather than short-term or intermediate IRRs.

Syndicate 17

Syndicate Syndication IRR Canada 17