Interview with a SAAS/Software Finance Co. (Not VC or Angel)

 

I had a call the other day with Tim Johnson of Sand Hill Finance, and thought you should know about these folks. Their offering is quite unique in the SAAS and software world. Here is an excerpt from our conversation:

Me: "What do you guys do, because I am not sure I get it?"

Tim:  "Sand Hill Finance provides revenue-stage software companies with NON-DILUTIVE growth capital for SAAS, traditional license models or cloud companies."

 

Me: "What is a typical driver for a SAAS or software company using your services?"

Tim: "Software firms that require capital to meet milestones or increase valuation PRIOR to an equity round."

 

Me: "What is the profile of a company that could use your service?"

Tim: "A company that has a strong sales pipeline, but insufficient cash to execute. Typically, these companies are 'not quite bank fundable'."

 

Me: Why did you start this business?

Tim: "As a former turnaround CEO and VC, I saw the need for a NON-DILUTIVE, simple capital solution for growing software firms. Sand Hill Finance provides a unique solution, with funding within 1-2 weeks."

 

Note to Self: Maybe these folks can finance that 6 figure contract I  just received, where the customer is paying over 3 years for my SAAS solution!

 

So there you have it. This company has a super unique service, and this is something that you should be aware in the SAAS and software world, as you or your friends in the industry may need it.

 

Resources:

Site: www.sandhillfinance.com

FAQ: http://www.sandhillfinance.com/faq.htm

Contact: Tim Johnson – email: tim@sandhillfinance.com

 

Disclaimer: This post is for informational and educational purposes only, and is not legal advice. You should hire an attorney if you need legal advice, which should be provided only after review of all relevant facts and applicable law.