rchachra

7 ms·

1. 31.▲
   by rchachra 5y ago

   Thanks, for bridge to Demo Day loans we are underwriting the YC program. For seed extension debt-these companies are still young therefore, our analysis is also betting on traction, quality of founders and investors on the cap table. Howeve
2. 32.▲
   by rchachra 5y ago

   Sure, we will be happy to take a look. Though, our program is more for companies that have found PMF and the seed extension debt will allow the startups to accelerate their growth & for the founders to minimize their dilution when they
3. 33.▲
   by rchachra 5y ago

   Thank you!
4. 34.▲
   by rchachra 5y ago

   Thank you! Pipe is revenue based financing focused on SaaS companies (Bill discounting) which means the company is pledging their revenue stream to Pipe. The 8vdX early stage venture debt is unsecured with founder friendly terms which inclu
5. 35.▲
   by rchachra 5y ago

   6 months is the standard Demo Day note but can be reduced to 3 months on a pro-rata basis.
6. 36.▲
   by rchachra 5y ago

   Thanks, we are seeing strong traction both from the current batch as well as break out companies from recent batches.
7. 37.▲
   by rchachra 5y ago

   Thank you!
8. 38.▲
   by rchachra 5y ago

   When you borrow $100k you repay the principal or $100k after your Demo Day fund raise and in lieu of interest we will receive a $20k uncapped MFN SAFE. In case the startup fails to raise sufficient funds to make the repayment, then the enti
9. 39.▲
   by rchachra 5y ago

   Yes, absolutely! We look forward to working with all promising startups as we scale our business.
10. 40.▲
    by rchachra 5y ago

    Sure, 1. Here is a link ( https://docsend.com/view/gtxd9jwdgs3izb8m ) to the explainer for the bridge to Demo loan. 2. All companies presenting on Demo Day are automatically qualified. Later stage companies are underwri
11. 41.▲
    by rchachra 5y ago

    We are taking SAFEs in lieu of cash interest for seed stage companies. For later rounds there is flexibility given to the company to optimize the cash interest versus SAFE based on cash flows of the company.
12. 42.▲
    by rchachra 5y ago

    Great idea! Thank you.
13. 43.▲
    Launch HN: 8vdX (YC W22) – Venture debt to complement a seed round

    86 points by rchachra 5y ago|35 comments