The debt providers become senior to all the investors of venture capitalists. If you can't pay the debt they can seize the company so this is red flag territory for me. This is not like an R&D stage company making these bio materials to replace single use plastic and paper. We have Rob the CEO and founder of me Taro which is a synthetic biology and material science company that engineers upcycled agricultural waste. All right well that's a BC Sunday school next up because it's Sunday we have this week in climate startups.
First up, J+M chop it up about venture debt on this edition of VC Sunday School. What are the dangers? And when should your startup take it on? (2:12) Then, Molly has a conversation with Mi Terro founder Robert Luo about how they are targeting the world’s microplastic problem. (19:33)
(0:00) J+M tee-up topics for Sunday
(2:12) Jason warns founders of the dangers of taking on venture debt
(9:23) Harmonic - Get $4000 off at https://harmonic.ai/twist
(10:42) Jason addresses when venture debt can and cannot work + PAG’s new venture wealth fund
(18:05) MicroAcquire - Sell your business with no fees at https://try.microacquire.com/twist
(19:33) Robert Luo joins Molly to explain how Mi Terro is solving the world’s microplastic problem
(28:50) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.io/twist
(30:17) Robert talks about competition, his background as an entrepreneur and the future of Mi Terro
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