David Teten

AUGUST 19, 2019

A new wave of Revenue-Based Investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt. I’ve been a traditional equity VC for 8 years, and I’m now researching new business models in venture capital. So what is Revenue Based Investing?

Revenue 60

Revenue Term Sheet Founder Technical Review 60

Both Sides of the Table

SEPTEMBER 18, 2014

Revenue multiple? “But lawyers will charge much more for equity.” Try doing THAT with equity. Convertible notes were previously used primarily for “inside rounds” in which the existing investors provide you with bridge financing to get to the next round. How will you price the next round?

Venture Capital 417

Venture Capital Liquidation Preference Valuation Term Sheet 417

Gust

SEPTEMBER 17, 2014

Revenue multiple? But lawyers will charge much more for equity.” Try doing THAT with equity. Convertible notes were previously used primarily for “inside rounds” in which the existing investors provide you with bridge financing to get to the next round. How will you price the next round? Your A round? I’m not sure.

Liquidation Preference 153

Liquidation Preference Valuation Term Sheet Stock 153