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Flexible VCs With Structures Between Equity and Revenue-Based Investing

David Teten

They have open-sourced their investment structure , now on version 3.0, 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.

Equity 78
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Piercing the Corporate Veil of Sweat Equity

grasshopperherder.com

Without receiving a real salary, I’d be wary of signing a non-compete in an area which I have domain expertise in. This is my least favorite thing in the world, being offered sweat equity in a corporate structure that is unnecessarily convoluted. Which country’s laws does the corporate entity operate under?