Revenue-based capital (RBF) is provided to growth companies in exchange for a share of revenue until an agreed upon total return is achieved. It differs from traditional angel capital in that the investment returns regular cash flow over the life of the investment rather than a potentially significant payment at exit.
Former ACA Board Member Kevin Learned is a partner in revenue-based investor Sage Growth Capital. JB Beaird is the general manager of ACA member New Louisiana Angel Fund and an investor in Sage Growth Capital. Gary Kocher is a partner at K&L Gates (Seattle) who specializes in emerging growth and startup companies. Each presenter will discuss their experience in investing revenue-based capital in early-stage growth businesses.