If you’re still thinking about venture debt as “extra runway,” you’re using a chess piece like a checkers move. At Series A and beyond, debt stops being a liquidity tool and becomes a capital efficiency instrument. The founders who understand this don’t just access debt—they architect it. They negotiate terms that protect future valuation, structure
You’ve got traction. Revenue is real. You’ve survived the phase where most companies don’t. Now the question isn’t if you’ll grow—it’s how fast, and at what cost. This is exactly where venture debt becomes worth understanding. Not because you need it. Because founders who use it well don’t reach for it out of desperation—they deploy




