SFX CEO Robert Sillerman sent a letter to his beleaguered staff encouraging them to be positive and "find the path to success." The note comes as he exits his day to day role at the bankrupt music conglomerate, after being forced out by creditors. That same day, court documents embarrassingly…
Category archives: Startups
Why Did Spotify Just Raise $1 Billion In Debt Funding Under Such Horrible Terms?
[UPDATED] Debt has become an increasingly popular funding mechanism for mid to late stage startups as investors grow tired of sky high valuations and seeing their stake reduced by later equity infusions. Now, Spotify has jumped on the debt financing bandwagon, raising $1 billion under some potentially difficult terms. In…