Most startup entrepreneurs know about venture capital. But venture debt? Not so much.
As an entrepreneur, it’s something you need to be aware of, regardless of where it fits in your financial plan.
Venture debt can be a great strategic financing tool, but you have to know what you’re doing to get it and – more importantly – to get the right terms.
My friend Paul Enderle from BayCross Capital is an expert and took a few minutes to explain venture debt – what it is, who can get it, what typical terms are like, and when is the most strategic time to pursue it.