Letter of Explanation: SPA Notes
This lesson is an article published by Optimist Ventures.
Read the articleWhat you'll get
Optimist Ventures, an Asheville fund started by Venture Asheville, explains its note: repaid from a share of profit over several years instead of with equity, and designed for companies that aren't chasing venture scale. A local example of a different kind of capital.
Do this week
Read how the note is repaid and decide whether a share of your profit would be a fair price for capital at your stage.