Mike N.

Professional background

I worked in technology strategy consulting before doing an MBA in Finance and Strategy. Since then I've founded 2 AI companies - both amazing experiences and learned a lot about early stage capital structure. One of my key findings was that most founders myopically pursue equity (or convertible debt) financing, and many of them would be better served (from a cost of capital and dilution perspective) by including some debt in their capital structure.
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I now run a fund (Top Mark Capital) that provides venture debt to emerging startup companies. We focus particularly on companies between seed and Series A and/or companies with ~1m in ARR (for SaaS) or ~1.5m in TTM revenue. We provide working capital solutions that extend the company's runway and helps them achieve the necessary milestones for their next round or their ultimate exit.

Areas of Expertise

Tech, B2B SaaS