Flexible VC, a New Model for Companies Targeting Profitability
David Teten
JANUARY 19, 2021
Coinvestors: Flexible VC terms have not been standardized, which may make the investment harder to syndicate. Typically promissory note or non-voting common stock, with covenants. Hard covenants with potentially strict penalties. . Most Flexible VCs lead rounds and often take 100% of the round to mitigate this risk.
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