Flexible VC, a New Model for Companies Targeting Profitability
David Teten
JANUARY 19, 2021
Yes, via conversion rights at a valuation cap. Yes, via conversion rights at a valuation cap. When the company hits potholes, Flexible VC investors usually don’t have the nuclear options of firing management and/or doing a recapitalization. Governance. Board seat, typically retained until company exit.
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