Late-Stage Startups Chase Loans to Bolster Pre-IPO Coffers

With the IPO scene white-hot, it's a wonder that any companies would be out looking for late-stage lenders, instead of chasing public markets and a heady new valuation. However, there are, and it may in fact be for the better. Andy Steuerman, Head of Middle Market Lending, Golub Capital, speaks with Jonathan Marino, Senior Editor at The Deal, about what late-stage lenders are looking for in potential transactions, well-publicized transactions like Foursquare's loan that helped right the company's course, and the terms that investors demand, as well as how they prepare for the worst.