4 ms·
Right, which is exactly why I put the cake comment - small business owners want the benefits of VC capital (no debt repayment or interest) without the downside
by mdorazio 7y ago
Right, which is exactly why I put the cake comment - small business owners want the benefits of VC capital (no debt repayment or interest) without the downside (up-or-out constant growth pressure). For the investor, it just doesn't make much sense.
Thanks for clarifying how the 37S deal worked, though. Having a structure like a 7 year buyback clause goes a long way toward mitigating my first point.