After investment, if at some point you believe that the venture has lost all potential to create
value and therefore have lost motivation to work on it, we will discuss with you what the best
way is to get (some of) our money back. For example, an early liquidation while you still have
money in the bank. Or a sale of your company assets to another company. As long as the loan
hasn’t been converted into equity, Antler has the right to get back the loan amount in case of an
event of default. Typically in such scenarios we will discuss a transition plan together that helps
minimize losses for Antler while also setting yourself up for success in your next steps (which
could include you looking for another job before the bankruptcy is complete).
However, what is more common is that you are close to running out of cash runway in the
company but you have not yet lost hope for the business. In that case, we discuss and agree
with you on how you can make some money ‘on the side’ while still continuing to work on the
startup in the hope/expectation that traction will pick up. If eventually this doesn’t happen, it
becomes the scenario described above.