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Startups and VCs Should Avoid “Pier” Funding

Both Sides of the Table

They trust the judgment of the VCs to source, finance, help manage and then create some sort of exit for the investments that they make. You’ve kept a really low burn rate and paid yourself a very small salary. VC’s money comes from mostly institutional investors called LPs (limited partners).

Startup 290
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ProfessorVC: Why I Hate Convertible Debt.Let Me Count the Ways

Professor VC

In cases where it is truly a bridge financing (i.e. I take CFO roles in early stage companies and participate on the management team during the early financings and business model development phases. Particularly, now that standard Series Seed docs are commonly used. So when does convertible debt make sense?