Baz Banai

Private equity lawyer. I like VC / PE, tech and life sciences

[Baz Banai @BazBanai]

@paulswaney3 Thank you!

[Baz Banai @BazBanai]

@paulswaney3 You sir, are a gentleman, and a scholar 🫡

[Baz Banai @BazBanai]

@paulswaney3 Thanks Paul, would love to see the full deck!

[Baz Banai @BazBanai]

@Sachin_Shah_ 'Do the job before it's a job' is the most underrated advice, period. Love the article!

[Baz Banai @BazBanai]

Plenty of dry powder in PE in 2023 💵🔥

The "L" in LBO is a problem 🙅‍♂️ How can funds get creative in deploying their capital?

Minority stakes? All equity deals? ✅ But, let's not forget what traits make PE target co's attractive

https://t.co/efjkSOcEWb

[Baz Banai @BazBanai]

10/ Where can you get VDF?
US 🇺🇸
• @coventurevc
• @SaaSCapital
• @SVB_Financial
• Hercules Capital

Europe 🇪🇺🇬🇧
• @KreosCapital
• @CLPGrowth
• @EIB
• Finstock Capital

Aus 🇦🇺
• @NAB_Ventures
• @OneVenturesVC
• PFG

Middle East 🇮🇱🇦🇪
• @ViolaGroup
• @SHUAA_Capital

[Baz Banai @BazBanai]

Venture capital funding is dying 📉

But startups still need cash

Here's 10 things founders have to know about Venture Debt and how to get it: 👇

[Baz Banai @BazBanai]

9/ What you will need to qualify for VDF:
• existing VCF - at least series A
• support - your existing VCs supports need for VDF
• purpose - how will you deploy the funds?
• biz model - recurring rev. / large customer base
• security - IP patents or other collateral

[Baz Banai @BazBanai]

Founders are great at building products, but not necessarily at engaging with VCs.

If you're a founder who's about to start fundraising, start thinking like a VC. Vet your own startup from an investor's point of view.

https://t.co/QEmyqyDM0m

[Baz Banai @BazBanai]

Are SPACs really a 'cheaper' alternative to IPOs? 🤔

From the target company / founder's perspective, it looks like they're getting short changed thanks to (1) the 20% sponsor promote, (2) underwriting fees, (3) underpricing, and (4) warrants.

https://t.co/P8qOOGf2mZ

[Sam Altman @sama]

Pay attention to who you have the highest-bandwidth conversations with (i.e., important ideas are exchanged quickly and clearly).

Work with those people any way you can.

[Baz Banai @BazBanai]

@ahinnovations No doubt about the presence of all-female founders teams in the ecosystem! VCs need to keep this top of mind when making investment decisions. Diversity and inclusion should part of the investment thesis.