Taking on venture debt is rarely a company's final financing event — for most venture-backed companies, it's a bridge to a future equity round. Understanding how…

Covenants are one of those venture debt terms that get a quick mention during negotiation and then rarely get revisited until, potentially, they become an urgent…

Venture debt term sheets often arrive looking more fixed than they actually are. Founders — particularly first-time founders, or those focused on the relief of securing…

A traditional lender looking at a SaaS company burning cash to fuel growth might see a business that isn't ready for debt. A venture debt lender…

Unlike an equity round, where the amount raised is often shaped by investor appetite and market conditions as much as company need, venture debt gives founders…

A venture debt term sheet can look deceptively simple at first glance — an interest rate, a term length, an amount. But the details that actually…

Every founder who has raised institutional capital eventually faces a version of the same decision: the company needs more runway, and the fastest instinct is to…

Raising equity is expensive in a way that doesn't show up on a term sheet — it's expensive in the ownership and control you give up,…