It’s Time to Raise Your Debt Facility: Execution Tactics for Founders
Andreessen Horowitz
OCTOBER 4, 2023
For early stage companies, lenders are mostly underwriting based on existing investor support; with later-stage companies, they are underwriting to enterprise value and are more focused on company KPIs, churn, and related metrics. For corporate debt, normal venture counsel (e.g., Cooley, Goodwin, Gunderson Dettmer, or Wilson, etc.)
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