In this episode of The Credit Bubble, I sit down with Krista Morgan, co-founder of Edited Capital, a lower-middle-market private equity firm that acquires controlling interests in venture-backed software companies. Krista's career runs from digital marketing in London, to building an invoice-financing fintech platform in Colorado that cycled roughly a billion dollars of receivables, to now buying B2B SaaS and tech-enabled services companies that took venture capital but aren't on a venture path. We discuss why she views venture as a contract problem more than a funding problem, what makes today a generational buying opportunity for sponsors who can navigate cap-table cleanups, and how roughly half of Edited's deal flow comes through private credit funds. We also get into M&A as an underused growth tool in early-stage tech, the cost discipline she applies before funding any growth initiative, and how AI is reshaping the pipeline of companies arriving at her door.