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.
David Teten
AUGUST 19, 2019
Like other RBI firms, Decathlon does not require warrants, governance involvement, or the types of financial covenants that are often associated with other venture debt type solutions. Unlike many RBI investors, a full 50% of our investment activity is in non-tech businesses.
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Lightspeed Venture Partners
DECEMBER 10, 2012
Some banks, including Silicon Valley Bank and Comerica , specialize in funding startups and will lend against inventory, infrastructure or for general corporate purposes. Banks often have operating covenants for their loans that require the company to be hitting plan, or close to it.
www.igda.org
JULY 24, 2012
But, somehow, Silicon Valley didnt get the memo. From the Work Less Party, Tom Walkers Prosperity Covenant : That output does not rise or fall in direct proportion to the number of hours worked is a lesson that seemingly has to be relearned each generation. Prosperity Covenant , Tom Walker.
Gust
OCTOBER 26, 2011
I have to admit my West Coast bias here, having learned the ropes at a large Silicon Valley firm ; it makes little sense to me to have investor’s counsel drafting documents that are woven into the fabric of a company’s governance and capital structure, with which the company will likely be living for years after the investment is made.
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