Flexible VCs With Structures Between Equity and Revenue-Based Investing
David Teten VC
JANUARY 21, 2021
Jonathan sometimes refers to their investments as “micro-mezzanine” because “mezz is typically structured as a contractual periodic payment, with some equity-like upside, but subordinate to other debt… so most lenders look at it like equity. The fund’s network of mentors are all invested LPs, ensuring they have “skin in the game.”
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