Understanding VC is a deep dive on how Venture Capitalists work. In this episode, I talk to Martin Tang, Co-Founder and Partner at Genesis Alternative Ventures on venture debt, dos and don'ts for startups raising a venture debt round and how it's different from revenue based financing like Pipe.com. He also shares why Thrasio like business models raise a large round of venture debt, typical tenure for venture debts and red flags when a startup approach him for venture debt financing.