Was your non-dilutive capital debt based and/or have covenants? If not, I'm really curious about what kind of structuring you were able to secure. To your point

Was your non-dilutive capital debt based and/or have covenants? If not, I'm really curious about what kind of structuring you were able to secure. To your point, non-dilutive capital is clearly superior to dilutive capital except when it involves covenants (which is quite often). I do remember Pipe being in vogue a while back around financing based on futures of subscription fees, but so far that's the only model I can think of that isn't debt with either a) its associated covenants or b) some kind of underwriting box piggybacking off of dilutive capital (venture debt)