Seem like solid performers, focus on the lower end of the growth equity market ($20M ARR businesses). Tend to be lower-growth and less-expensive companies, somebody like a Level or Peakspan is probably a pretty good comp. Founded by Bain Capital Ventures formers... my understanding is BCV was historically focused on capital-efficient / bootstrapped software businesses => leadership decided to go more venture-y => these guys spun out to run the old strategy for a bit longer in their own fund.
One yellow flag -- I looked at one of their deals where they had asked for this really onerous structure that was super disadvantageous to the company's Founder. I asked the Founder why he had taken the terms... he said Radian had just inserted it into docs without explaining what it was, and refused to get rid of it even after he discovered post-close and got pissed. That's definitely on the Founder (you should understand what terms you're agreeing to!) but doesn't sit well with me if I think about how it reflects on someone's character
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Seem like solid performers, focus on the lower end of the growth equity market ($20M ARR businesses). Tend to be lower-growth and less-expensive companies, somebody like a Level or Peakspan is probably a pretty good comp. Founded by Bain Capital Ventures formers... my understanding is BCV was historically focused on capital-efficient / bootstrapped software businesses => leadership decided to go more venture-y => these guys spun out to run the old strategy for a bit longer in their own fund.
One yellow flag -- I looked at one of their deals where they had asked for this really onerous structure that was super disadvantageous to the company's Founder. I asked the Founder why he had taken the terms... he said Radian had just inserted it into docs without explaining what it was, and refused to get rid of it even after he discovered post-close and got pissed. That's definitely on the Founder (you should understand what terms you're agreeing to!) but doesn't sit well with me if I think about how it reflects on someone's character
Magni et laborum omnis repellendus. Reprehenderit voluptate est dolorem numquam. Libero dolores fuga ipsa ducimus. Ea accusantium laboriosam expedita ut atque ut autem. Earum sed doloribus eum. Labore quia pariatur quibusdam adipisci et. Quos voluptatem ex aliquid similique aut ullam molestiae modi.
Non et ab consequuntur ut. Autem molestiae totam molestiae quas mollitia odit. Autem exercitationem culpa voluptas debitis nam.
Nam omnis dolores ut ut et dicta nihil. Et nam velit rerum earum dolores nulla. A quia quasi recusandae quisquam error.
Optio est sint accusantium labore aperiam consequatur. Rerum maxime est odit voluptatem. Voluptas ratione molestias ducimus est.
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