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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. This does not account for the value of any residual stake investors may retain after full redemption. John Berger observed, “In many countries (like the US) you can’t force a board to make a redemption payment or dividend.

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Groupon's S-1: From Zero to Like? Billions in 30 Months ? AGILEVC

Agile VC

In addition, Groupon has a favorable cash cycle as they collect cash up front from consumers but don’t have to pay merchants for awhile (in US typically 60 days, int’l usually upon consumer redemption). What’s Your Favorite Future?