Venture Debt
정의
Venture debt is a loan to a venture-backed startup, typically sized against the last equity round and repaid over three to four years, usually with small equity warrants attached.
투자유치 시 활용 방법
Founders layer venture debt onto an equity round to extend runway 20 to 30 percent with minimal dilution.
자주 묻는 질문
When is venture debt a good idea?
Right after a strong equity round, as insurance runway toward clear milestones; it is dangerous as a substitute for equity a company cannot raise.
What are the risks?
Covenants and repayment obligations bind in downturns exactly when cash is tight; a lender’s remedies can force bad outcomes.