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Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

Their 2016 Fund was the first and largest fund so far using this structure, with $25M AUM. Purpose Ventures’ deal structures are bespoke to each company. According to Indie.VC collateral, all 8 are still in business, with 2 follow-on investments, 3 “breakout” companies, and 1 returned 5x initial investment.

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