“’It was super fast,’ says Mike Glanz, who finalized the loan and received the money a few weeks later. ‘We hired the people, built the products, and ended up signing some really big partners.’”
Revenue-Based Financing: The Better You Do, the Quicker You Pay
“The availability of early-stage capital is down this quarter with respect to this time last year. The fund wants to utilize an alternative financing structure to support a valuable niche in an evolving ecosystem.”
Lighter Capital takes a different approach to startup financing
“For now, revenue-based lending may ease one of the most cited problems for small business owners and young tech startups: access to capital.”
Cash-strapped startups are turning to a funding tactic used by oil and gas companies in the 1900s