What happens if a startup is not able to pay back their venture debt? When a company is over leveraged and has little cash in hand, what are their options?
We tapped into Stage Fund GP, Krista Morgan’s, expertise to learn about what happens when a company is not able to pay back their venture debt, how founders can navigate the issue, and how Stage Fund steps in to help.
Dan, Krista, and Ingrid got together in early 2020 to build upon what Dan started in 2009 and expand it into a fund model. With venture dollars increasing, many good companies are being orphaned by their equity and need an alternative path. Krista, having faced relatable obstacles in her founder path, recently published a blog on the experiences that led her to joining Stage as a General Partner.
There’s an expectation in the startup sphere that successful companies raise through the alphabet from Series A to B and on with little friction, hitting funding milestones with each passing year.
“The opportunity to join Stage is outstanding,” said Chuck Hellmer, the President of the Company. “With our diverse and unique offerings of goat and cow’s milk cheeses, Stage will bring a new element in growing our brand and presence within local and regional markets.”
“We are excited to be partnering with Stage, a firm with significant experience developing SaaS businesses,” said Brian Tervo, CEO of ThirdChannel. “With their operational expertise and support, we will be able to refocus on providing specialized products and services and growing our market share.”
