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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

 
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