David Teten
JANUARY 19, 2021
(co-written with Jamie Finney, Founding Partner at Greater Colorado Venture Fund. From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. By tying payments to actual revenues, founders and investors remain aligned around the company’s real-time performance, good or bad.
David Teten
AUGUST 19, 2019
John Borchers, Co-founder and Managing Partner of Decathlon Capital, claims to be the largest revenue-based financing investor in the US. John Borchers defines RBI as, “anchored around a model for providing long-term growth capital to a company that is paid back over time in the form of a modest, fixed percentage of monthly revenue.
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Startup Company Lawyer
MARCH 14, 2010
After the recent announcement of the Series Seed Financing documents by Marc Andreesen, Brad Feld points out that there are now four sets of “open source&# equity seed financing documents: TechStars Model Seed Funding Documents (by Cooley). This post assumes that you have a basic understanding of Series A financing terms.
Both Sides of the Table
APRIL 3, 2010
Second, more damning is the “signaling problem.&# This means that if a VC invests in your seed round and does not participate in a future round the next round investor will think to himself, “well, if Big VC Co. We used the Y Combinator open source term sheet. If you accept my terms you’re done.
The Startup Lawyer
MARCH 1, 2010
The drafters are “open sourcing&# the documents so that they may be continually improved by the startup community. The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., 4) Term Sheet.
Both Sides of the Table
OCTOBER 17, 2009
With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. If a VC term sheet comes in they begin their due diligence process. The contra is also true. They have a large-ish fund.
The Startup Lawyer
MARCH 1, 2010
The drafters are “open sourcing&# the documents so that they may be continually improved by the startup community. The board is set up to consist of 3 directors: 1 director elected by the common (founders); 1 directors elected by the preferred (investors); 1 “independent&# director (i.e., 4) Term Sheet.
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