Zach Hoene

Zach Hoene is Managing Director of Investments at Lighter Capital. Connect with him on LinkedIn.

Stock Warrants

What are Stock Warrants and Why Lighter Capital Doesn’t Use Them

A stock warrant is an agreement in which a lender has a right to buy equity in the future at a price established when the warrant was issued. But what are the risks? Why do venture lenders require them? Here's everything startup founders need to know.

Personal Guarantee

What Is a Personal Guarantee on a Business Loan and Why We Don’t Require One

As a business owner, it’s important to know what a personal guarantee on a business loan is - and, most importantly, that there are alternative funding options that don’t require one.

Debt Covenants

What Are Debt Covenants and Why Lighter Capital Rarely Uses Them on Loans

Debt covenants are promises borrowers make to engage or refrain from a specific action in return for a loan. Here's a rundown of everything founders should know about covenants - and why we don't use them on most loans.

Everything You Need to Know About the SBA’s 7(a) Loan

There are several financing options that a young tech company might find useful. The most common of these is the standard 7(a) SBA loan. Let’s review how it works and break down the details.

4 Cash Management Tips for SaaS Startups

Cash is king. How much cash you have determines your company's runway, and how likely you will raise the next round. Manage it carefully.

How to Improve Your SaaS Company’s Valuation

A look at common valuation techniques for SaaS companies, and drivers that can help you improve your company's valuation.

The Pros and Cons of Transitioning from a Service to a Product Company

Cash is king, especially at tech startups. How much cash you have determines your company’s runway, and how likely you will raise the next round. Here are a few tips from our investment team to manage your cash effectively.

Funding Checklist: Documents for Securing a Traditional SMB Bank Loan

We outline the most common documents banks require for securing a traditional bank loan. Thinking about getting an SMB bank loan? This checklist will help.