Funding > Conditions

  • Flexibility around format: loan or equity
  • Soft-commercial terms. Typically 8% annual interest
  • The upside is for the entrepreneur even if we take equity. This means equity can be converted to loan on success at prior agreed interest rates
  • Investment duration in line with business plan, but encouragement to minimize costs of interest by fast repayment
  • We don’t require a complete business plan that addresses all possible points, but we do expect at least insight on how the funds will be spent, some back of the envelope financials, and addressing of legal fiscal matters
  • The business should always pay all its taxes, and on request, the entrepreneur should provide insight in its books to prove that all fiscal and legal requirements are met