SaaStr

JUNE 13, 2021

In the annals of Blog Posts About Things I Don’t Care About, Convertible Debt versus Equity is high on the Top 10 List. I’d made a relatively small ($800k) convertible debt investment in a company, and the VC that led the next round then rewrote many of the terms. I mean, whatever, right? Kudos, dude.

Systems Review 264

Systems Review Government Investment Pricing 264

SaaStr

APRIL 11, 2023

On a recent episode of the Uncharted podcast with SaaStr’s Poya Osgouei, the SVP of Venture Debt and Startup Banking at Pacific Western Bank, Mark diTargiani, shared what the state of venture debt looks like post-SVB collapse and three tips for communicating effectively during chaos. How much equity is there?

Banking 212

Banking Sales Hiring Venture Capital Communication 212

SaaStr

MARCH 13, 2019

A few years back, it seemed like there were 10,000 articles on the pros and cons of raising relatively modest amounts of capital using traditional equity vs. SAFEs and convertible notes. The basic advice will be: SAFEs and convertible debt are cheaper / faster to do than equity. Sometimes true. 100% true, if it matters.

Investment 190

Investment Pricing Management 190

SaaStr

MARCH 7, 2021

I added a small amount of debt ($1.25m or so) to get our balance sheet up to $2m, but as we grew, it wasn’t enough. Once you approach Initial Scale, it’s worth at least considering bring on some strategic debt if not equity. Field vs. mid-market vs SMB early. High velocity vs. low velocity.

Part-Time VPE 268

Part-Time VPE Sales Recruiting Sales Hiring Scale 268

Baremetrics

SEPTEMBER 14, 2021

The Baremetrics blog has a ton of articles about accounting, so be sure to check out some of our other favorites! Key considerations specific to SaaS accounting Accrual Accounting vs. Cash Accounting Bookings, Billings, and Revenue Bookings Billings Revenue The Statements Metrics.

SaaS Payments 93

SaaS Payments Payment Services Payments Payment Features 93

Kellblog

AUGUST 23, 2019

Who else but my old friend Jim Milbery, a founding partner at ParkerGale , could come up with a podcast called the Private Equity Funcast , complete with its own jingle and with a Thunderbirds -inspired opening? He’s spent most of his recent career in private equity (PE) land; I’ve spent most of mine in venture capital (VC) land.

Technical Review 65

Technical Review Software Review Sales Hiring Venture Capital 65

OPEXEngine

SEPTEMBER 28, 2021

The company’s response wasn’t to reduce leverage by adding equity or lowering debt but by adjusting EBITDA until it got the ratio it wanted. “We EBITDA vs. FCF. When WeWork was preparing for a bond issue in 2018, underwriters were raising concerns over its leverage. You bet it would. Yes, he has.”.

Payment Methods 52

Payment Methods SaaS Payments Payments Payment Services 52