Both Sides of the Table
MARCH 18, 2010
He had a pile of debt and covenants that made him vulnerable if the debt holders wanted to play rough. On the funding, business creation, business development fronts I think we did quite well. It was inspired somewhat by a comment that Matt Coffin (founder of LowerMyBills) made at a technology event hosted by Jason Nazar.
David Teten
JANUARY 19, 2021
which they co-developed with Fenwick & West. . Typically promissory note or non-voting common stock, with covenants. Hard covenants with potentially strict penalties. . Some players have proposed templates: Earnest Capital Shared Earnings Agreement v1.3. has open-sourced their investment structure , now on version 3.0,
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David Teten
AUGUST 19, 2019
We have a special program if you are pre-seed and need product development. We have developed a proprietary machine learning algorithm that assesses the risk and return profile of the business and determines whether to invest in the business. Alternative Capital. “ You qualify if you have $5k+ MRR. The average cash balance is $191,164.
Both Sides of the Table
APRIL 19, 2011
He tells the story of how he was out of cash, stressed out, nobody in LA or Silicon Valley would give him money, he had finally found an investor in Minneapolis but his venture bank was going to shut him down for breaking a “covenant&# in their agreement by not having enough cash in the bank. The answer?
NZ Entrepreneur
FEBRUARY 17, 2019
Breaching facility limits and covenants – this can take the form of a company breaching its overdraft facilities with multiple excesses each month. For example, a new competitor entering the industry, new technological developments or changes in legislation.
Pascal's View
JULY 9, 2017
The easiest way to do so is via SAFE notes, due to their simplicity, “available online” documentation, no major covenants established to protect the investors, no governance implications at the board level, etc. All of these items are postponed until the elusive priced equity round. It’s going to be great!”.
Up and Running
NOVEMBER 25, 2020
Post-termination covenants. In addition to the possibility of facing liability for “lost future royalties” as discussed above, as a prospective franchisee, it is important to be aware of any other post-termination covenants in your franchise agreement as well.
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