HAN + Silicon Valley Bank – Venture Debt
During this event you will hear from SVB and HAN on the investor’s perspective of venture debt as well as the founder of UNest , who recently raised venture debt in conjunction with a Series A equity round.
What is Venture Debt?
Venture debt is a loan designed for fast-growing investor-backed startups. It most often is secured at the same time or soon after an equity round—and is typically used to extend runway to the next round.
Startups benefit in several ways: Venture debt reduces the average cost of the capital to fund operations when a company is scaling quickly or burning cash. It also provides flexibility, since venture debt can be used as a cash cushion against operational glitches, hiccups in fundraising and unforeseen capital needs.
Silicon Valley Bank (SVB) has helped businesses grow and thrive across the innovation economy for 35 years. During this workshop you will learn more about why venture debt reached an all time high in 2019 and continues to grow. You will also hear real stories from HAN founders and investors that leveraged venture debt in early stage deals.
UNest’s fintech app helps parents save and invest in their children’s future. The company’s iOS and Android apps have achieved an outstanding level of success since becoming widely available across the United States in February 2020. UNest demystifies the previously complex process of setting up saving plans for education and other important life stages with a paperless approach that takes only five minutes to set up. UNest’s team has decades of experience as certified financial advisors, technologists, and entrepreneurs at financial industry leaders including Capital Group, Marqeta, Union Bank, and Acorns. UNest is a fully accredited and registered financial advisor regulated by the SEC.