Flexible VC, a New Model for Companies Targeting Profitability
David Teten
JANUARY 19, 2021
The value ascribed by subsequent investors (in a secondary); buyers (acquisition); or the public markets (IPO). Yes, via conversion rights at a valuation cap. Yes, via conversion rights at a valuation cap. Yes, typically preferred equity. 15-20% sold per round. Volatile, uncapped. Flexible VC: Revenue -based.
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