Generate an advanced guide explaining what venture debt is and when it's appropriate for a startup.
Prompt:
598 characters
Generate a full detail guide on venture debt financing. The guide must simplify an advanced financial topic for founders. It should include detailed sections on: 1. What is Venture Debt? A simple explanation and how it differs from venture capital. 2. The Pros of Venture Debt (e.g., less dilution). 3. The Cons and Risks of Venture Debt (e.g., covenants, warrants). 4. A guide to the process of securing a venture debt deal. 5. A checklist to determine if your startup is a good candidate for this type of financing. Please include a strong disclaimer to consult with financial and legal advisors.