Raising a round of financing is always a stressful endeavour. But in today’s economic climate, it’s even more so. So how can a founder navigate these choppy waters and not lose their shirts? Our guest today is Peter Hass, Associate Partner at Maverix Private Equity. Peter knows the ins and outs of deal structure and has guidance for founders at all stages to help them raise capital. Peter broke all of this down in a tremendous article he share recently here.
We also recap tech headlines with Antony Mouchantaf of RBCx.
About Peter Hass:
Peter Hass is an Associate Partner with Maverix Private Equity. He is focused on leading deal execution including financial modelling and leading due diligence. Peter also works closely with portfolio companies in strategic and financial management as well as the evaluation of add-on acquisitions opportunities.
Previously, Peter worked as a Director of Home Services within Mattamy Ventures at Mattamy Asset Management and OMERS where he was a founding member of OMERS Growth Equity.
Peter is a graduate of the Richard Ivey School of Business.
In this episode we discuss:
(01:22) News roundup with Antony Mouchantaf
(19:34) Peter’s journey to becoming an investor
(21:28) Working at OMERS
(23:49) How different investors value investments
(25:05) What Maverix invests in
(27:24) What is structured financing means in VC
(28:55) Items founders should be aware of
(30:52) Examples of what new investors will ask for
(35:01) How preferred shared get treated in a liquidation event
(37:02) What does participating pref or full participation mean
(38:11) A liquidation scenario explained
(41:56) How should founders manage all these transactions and terms
(47:49) Why raising less at times can be smarter for your business
(48:46) Terms that Maverix typically offers
(50:54) When founders need to take a down round
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How To Not Get Screwed When Raising Capital in Turbulent Times with Peter Hass of Maverix PE