Flexible VC, a New Model for Companies Targeting Profitability
David Teten
JANUARY 19, 2021
Flexible VC creates early liquidity which can be either reinvested or distributed to LPs. Typically promissory note or non-voting common stock, with covenants. Hard covenants with potentially strict penalties. . Early-stage: Cofounder with engineering/ product background from top-tier university or major technology company.
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