Introduction After the COVID-19 pandemic, climbing interest rates, heightened risk aversion among institutional investors, and depressed corporate valuations have caused startups to rethink their financing strategies and pursue sources of capital beyond traditional venture capital (“VC”). [1] Today, VC, a historically prominent source of financing for startups, is increasingly being supplemented with venture debt (“VD”). [2] VD is a financing tool that allows founders to ra

Venture capital ("VC") represents a crucial source of funding for entrepreneurs gearing up for their company's next phase of growth....