Flexible VC, a New Model for Companies Targeting Profitability
David Teten
JANUARY 19, 2021
From RBI, Flexible VCs borrow the ability to reap meaningful returns without demanding founders build for an exit. Santa Clara University shares their demand dividend structure. . Typically promissory note or non-voting common stock, with covenants. Hard covenants with potentially strict penalties. . Governance.
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