On the Road to Liquidity: Using Debt to Minimize Dilution to Founders and Management

Panelists Thomas M. Young of First Republic Bank, Jarvis P. Kellogg of Foley, and John E. McCray of Molecular Insight Pharmaceuticals discuss the strategic value of debt financing. The presentation addresses the historical and current venture debt markets, including the increase in lenders due to new entities entering the market. The presentation also outlines goals for optimum debt structures such as maximizing additional runway.