Top-tier VC backing secures favorable debt financing terms for startups
Randy Wootton · 1396 Percolate Flirts with $40m in ARR, 600 Brands Using as Their Ultimate Content Machine · May 21, 2019 · at 7:14
Percolate CEO Randy Wootton shares his experience across multiple companies on how commercial banks price debt for startups based on their venture backers.
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“What I found is, in having done this at Rocket Fuel as well with debt financing, is there a bunch of banks that are just lined up with the VCs, the top VCs in the world, and they got these different deals that they do, and they invest in the portfolio, and you get good terms because you're a Sequoia-backed Like Sequoia, GGV, Lightspeed, and First Round, those types of companies want to, the banks want to do business with those companies.”
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