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
Molestias eligendi repellat velit optio nostrum optio. Est magni dolor provident veritatis. Animi molestiae sit vel delectus autem et.
Nam ab dolore cumque accusantium eligendi. Officia aliquam dicta reiciendis. Eius aut iure corrupti non debitis est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
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
Molestias eligendi repellat velit optio nostrum optio. Est magni dolor provident veritatis. Animi molestiae sit vel delectus autem et.
Nam ab dolore cumque accusantium eligendi. Officia aliquam dicta reiciendis. Eius aut iure corrupti non debitis est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...