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Ep. 257 How I Raised It with Joe Vrankin of Puttshack

How I Raised It - The podcast where we interview startup founders who raised capital.

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How to Negotiate a Senior Debt Deal

When you're negotiating a big senior debt thing, what are the key terms? Is it mainly the interest rate payback, payback terms, things like that? What would you advise someone else to focus on when negotiating? Yeah. The other thing that I would always recommend focusing on is how do you get as few covenants as possible? That's where as an early company who's trying to get their first loan, senior debt deal, that you want to get it done.

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