166. Benefits of RBI vs. Fee-Based Lenders, Deal Terms and Aligning Founder+Investor Interests feat. Curt Nichols, Founder & CEO at Glade Optics

VC Minute

11/02/23 • 3 min

Text your thoughts directly to Rich.

The hidden costs of fee-based lenders and why Glade Optics went with GCVF for better deal terms and invaluable business insights
About Glade Optics
Glade Optics designs premium ski goggles, helmets, and sunglasses from their headquarters in Breckenridge, Colorado. Winner of Ski Magazine's Goggle of the Year, Freeskier's Editor's Choice Award, and Blister's "Best Of" Award, Glade's equipment is designed with the best materials and construction available - at an unbeatable price point. See what all the hype is about at shopglade.com.
About SpringTime Ventures
SpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $600k. You can learn more about us and our approach.
About Rich Maloy
Rich’s mission is to rebuild the American dream through entrepreneurship. He believes technology gives all people the opportunity to grow, learn, and earn. He is a Managing Partner at SpringTime Ventures and the host of the VC Minute podcast. With prior careers in finance and sales, he's been focused on the startup ecosystem for over a dozen years. He's a father of two young children and loves sci-fi, skiing, and video games.

11/02/23 • 3 min

VC Minute - 166. Benefits of RBI vs. Fee-Based Lenders, Deal Terms and Aligning Founder+Investor Interests feat. Curt Nichols, Founder & CEO at Glade Optics

Transcript

Curt Nichols00:00:01.000

With regard to fee based lenders. Versus something like the RBI model that we did with GCVF, when you actually do the math on fee based lenders, like ClearBank and Shopify, and they make it very hard to do this math intentionally, the APR and what you're actually paying for that capital is astronomical. For someone that's just getting off the ground, yeah, something like Shopify Capital or ClearBank might be a great option. Often you're one or

Generate a badge

Get a badge for your website that links back to this episode

Select type & size

Copy