Flexible VCs With Structures Between Equity and Revenue-Based Investing
David Teten
JANUARY 21, 2021
Jonathan sometimes refers to their investments as “micro-mezzanine” because “mezz is typically structured as a contractual periodic payment, with some equity-like upside, but subordinate to other debt… so most lenders look at it like equity. They have open-sourced their investment structure , now on version 3.0,
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