QUESTION:
How do I get debt financing and how does it work? I’m thinking along the lines of Silicon Valley Bank and others who debt finance startup ventures.
ANSWER:
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Charles Swan
Advisor
Charles Swan, Principal of The Virtual CFO, is a senior financial manager with over 15 years of successful financial, accounting and operations experience as a CFO in a variety of industries, public and private.
QUESTION:
I hear it’s far better to take angel money than VC money. VCs tend to want to kick the founders out and bring in new CEOs. They also have terrible terms and liquidation preferences. Should I simply avoid VCs altogether?
ANSWER:
QUESTION:
I heard VCs and other investors typically require regular audits of the company’s finances. This can be expensive — around $20k to $50k. Is this true and what should a startup do about it when negotiating with an investor?
ANSWER:
QUESTION:
One of our founders asked the question, “How many days off should I give my employees each year? We’re a startup, and every day counts! What do other startups do in this regard?
ANSWER:
QUESTION:
Does my startup have to be a Delaware corporation, or will investors put money into an LLC?
ANSWER:
QUESTION:
I have an idea I’d like to keep confidential. Do VCs and angels ever sign NDAs? How do I keep them from passing around my business plan? Or is this something I just shouldn’t worry about.
ANSWER:
QUESTION:
I have a startup, and my business partner is driving me nuts. What are the options I have for getting rid of him or separating the company into two? I’d like to know what other people do in this type of situation, so I can approach it in the right way. Thanks for saving my life!
ANSWER:
QUESTION:
Is going public with a penny stock a good way to raise money for a startup?
ANSWER:
QUESTION:
My startup just switched over to Macs from PCs. Do you really need virus protection on the Mac? Is this a worthy investment? I’ve heard Macs don’t need virus protection.
ANSWER:
