Flexible VCs With Structures Between Equity and Revenue-Based Investing
David Teten
JANUARY 21, 2021
By comparison, traditional VC has a bankruptcy rate of 30-40%. Their 2016 Fund was the first and largest fund so far using this structure, with $25M AUM. We determine a salary cap with the founder based on a software engineer in the closest major city. Purpose Ventures’ deal structures are bespoke to each company.
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