We’ve been working with Novel for a couple of years and have been delighted with them — very straightforward, and the cost of capital is super-reasonable compared to some of the other venture debt providers we’ve looked at.
Debt, Equity, or Both? A Cost of Capital Framework for Founders
Every founder eventually asks some version of the same question: should I raise equity, take on debt, or do both? Most founders answer it by comparing which instrument looks cheaper on paper. That is the wrong question. The real question is whether the return you can generate on a dollar justifies what that dollar actually costs you. This came up in a recent webinar, From Capital Planning to Capital Execution,
