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Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

According to a recent interview with Founding Partner Andrew Oved, Reformation invests in SaaS (vertical and application software) and consumer product businesses that have achieved $1M-$5M in annualized revenue, while operating capital efficiently. Purpose Ventures’ deal structures are bespoke to each company.

Equity 78
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The Pre-Seed FAQ

K9 Ventures

Therefore, I actually argue that companies that are successful in raising more capital, are often likely to flounder more than companies that raise the amount of capital appropriate for their stage. The amount of capital (and therefore the resulting valuation) also sets the stage for the next round of financing for a company.