{"id":43822,"date":"2018-11-26T11:26:31","date_gmt":"2018-11-26T09:26:31","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/venture-debt-alternative-for-early-stage-companies\/"},"modified":"2018-11-26T11:26:31","modified_gmt":"2018-11-26T09:26:31","slug":"venture-debt-alternative-for-early-stage-companies","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/venture-debt-alternative-for-early-stage-companies\/","title":{"rendered":"Venture Debt \u2014 Alternative for Early Stage Companies?"},"content":{"rendered":"

Florian T. Hirsch\u00admann<\/strong> \u2014 Lawyer and Part\u00adner at Reed Smith LLP, Munich<\/p>\n

Silvio McMi\u00adken<\/strong> \u2014 Attor\u00adney at Law and Counsel\/Attorney at Law at Reed Smith LLP, Munich<\/p>\n","protected":false},"excerpt":{"rendered":"

Indi\u00advi\u00addu\u00adally tail\u00ado\u00adred finan\u00adcing is one of the most important, possi\u00adbly the decisive factor for the success of a young company. Equity finan\u00adcing, i.e. an invest\u00adment in the company in return for the issue of new company shares to the inves\u00adtor, is still certainly to be regarded as the clas\u00adsic start-up finan\u00adcing. Another alter\u00adna\u00adtive, venture debt, has been available for a short time. What to look out for here is explai\u00adned below.<\/strong><\/p>\n

First of all, it is important to find an inves\u00adtor who belie\u00adves in the company, the foun\u00adders and their idea. In addi\u00adtion, it is crucial to find the right funder or stra\u00adte\u00adgist for an invest\u00adment, as inves\u00adtors differ signi\u00adfi\u00adcantly in terms of medium- and long-term goals, support beyond pure finan\u00adcing, and access to cont\u00adacts and markets. It is also important that a company is neither over- nor under\u00adfun\u00added; only then can a start-up grow at an appro\u00adpriate pace and sustain\u00adably, and in turn become more attrac\u00adtive for future inves\u00adtors or an exit. Last but not least, the foun\u00adders also have an inte\u00adrest in finding a coher\u00adent finan\u00adcing, in parti\u00adcu\u00adlar a balance between their inte\u00adrest as share\u00adhol\u00adders and their inte\u00adrest as employees or direc\u00adtors of the company. All these conside\u00adra\u00adti\u00adons often have to be made between door and door in the absence of time and resour\u00adces, as the foun\u00adders\u2019 focus is prima\u00adrily on the opera\u00adtio\u00adnal side of the company and the deve\u00adlo\u00adp\u00adment of its business.<\/p>\n

Equity finan\u00adcing, i.e. an invest\u00adment in the company in return for the issue of new company shares to the inves\u00adtor, is still certainly to be regarded as the clas\u00adsic start-up financing.<\/p>\n","protected":false},"featured_media":18963,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2457,2477,2478],"product_tag":[1576,1584,1591,1596,1600,1731,1733,1734,1739,1742],"class_list":{"0":"post-43822","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2019","8":"product_cat-florian-t-hirschmann-en","9":"product_cat-silvio-mcmiken-en","10":"product_tag-florian-t-hirschmann-en","11":"product_tag-funding","12":"product_tag-investor-en","13":"product_tag-debt-financing","14":"product_tag-reed-smith-llp-en","15":"product_tag-equity-financing","16":"product_tag-start-up-financing","17":"product_tag-venture-debt-en","18":"product_tag-early-stage-company","19":"product_tag-silvio-mcmiken-en","20":"pa_ausgabe-deutsch-en","21":"pa_ausgabe-englisch-en","23":"first","24":"outofstock","25":"taxable","26":"shipping-taxable","27":"purchasable","28":"product-type-variable"},"yoast_head":"\nVenture Debt - Alternative for Early Stage Companies? - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/venture-debt-alternative-for-early-stage-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venture Debt - Alternative for Early Stage Companies? - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Individually tailored financing is one of the most important, possibly the decisive factor for the success of a young company. 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