Thank you for joining us today for our TEN Capital Fundraise Launch Program.

In this program, we help startups prepare for a fundraise. 

We provide templates, tools, eGuides, and advice to founders who are working towards raising funding.

We'll kick off the session with a short overview on a fundraising topic, then we’ll answer questions from the founders.

I hope you enjoy this episode.
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Thank you for joining us for the TEN Capital Fundraise Launch Program where we help startups prepare for a fundraise. 

For more episodes, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/ 

For Feedback please contact info@tencapital.group  

Music courtesy of Bensound

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Venture debt is not for every startup or for all fundraises.

It is best used in conjunction with an equity raise.

The equity funding provides ongoing working capital that doesn’t need to be paid back.

It works well between equity raises from institutional investors.

The business must be up and running with stable revenue.

Those with recurring revenue are a good fit.

Those with healthy gross margins also do well. 

Investors will look at the cash flow of the business, so it’s important to have a healthy cash flow statement.

It doesn’t work well for seed startups that are still looking for product-market fit.

Established businesses will find it easier to raise venture debt as the investor will look at the company’s traction, track record, business model, and previous fundraises. 

Venture debt raises are typically limited to 25% of the equity raises, so a $3M fundraise most likely will not exceed $750K of venture debt. 

Most loans last around four years, so it’s not often used for working capital but rather for specific projects.


Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.
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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org 

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/ 

For Feedback please contact info@tencapital.group  

Music courtesy of Bensound

In this episode, Hall welcomes Nikita Demidov, Venture Associate at the Houston Angel Network.

The Houston Angel Network (HAN) is the oldest angel network in Texas and the most active angel network in the USA. HAN is also a non-profit organization dedicated to developing the innovation ecosystem in Houston, Texas by supporting founders and startups with financial resources and mentorship. 

HAN’s members have invested more than $96M in more than 366 deals since its inception in 2001. The typical individual HAN member is an accredited investor seriously interested in providing capital and coaching to early-stage companies. HAN also has institutional members such as seed funds, accelerators, universities, and other networks within the innovation ecosystem.

Nikita was born in Kaliningrad, Russia where he started his career as a financial advisor at Russia's largest bank and fintech company, SberBank. He moved to the United States before he turned twenty to pursue a BBA in Finance from Texas State University. During his time at Texas State, Nikita worked on a number of business ventures from the decarbonization of the dairy supply chain to blockchain for residential solar.  

After graduation, Nikita worked in corporate finance helping to develop commercial solar plants at travel stops and gas stations. He worked on a variety of alternative fuel projects such as hydrogen, renewable natural gas, and renewable diesel.  

Last year, Nikita joined the venture ecosystem in Houston to help startups access more funding opportunities. He leads a team of venture associates at HAN and drives the monthly deal cycle for the network.  

Fun Fact: Nikita also lived in Boston, Peru, and is currently finishing his MSF at the University of Houston. 

Nikita suggests some good opportunities for investors to pursue, shares some of the challenges startups and investors face, and discusses his investment thesis.

You can visit the Houston Angel Network at www.houstonangelnetwork.org, via LinkedIn at www.linkedin.com/company/the-houston-angel-network/, and via Twitter at www.twitter.com/Houston_Angels. 

Nikita can be contacted via email at nikita@houstonangelnetwork.org, and via LinkedIn at www.linkedin.com/in/nikita-demidov/. 

Music courtesy of Bensound. 

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