Raising $800k to Buy an $8m Business as a First-Timer
Acquiring Minds
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How a 10% Preference Rate Works in a Company
The way this is structured is a bit of a debt equity hybrid. So I'm getting a return on my money and you're going to pay me back, but I'm also getting equity. And so what does that look like? Do I have purport like my $50,000 gets 1% of the $5 million business? I think not. There's a step up.
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