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I have a firm believe that early stage credit is going to be a feature not a bug in the next 18-24 months for growth stage companies. Valuation multiples are getting compressed and companies are going to need additional runway to get them to their next financing rounds or to profitability. I had a good talk with an expert on the topic – Brian Parks of Bigfoot Capital. You can listen to the podcast on Apple, Spotify, or YouTube.
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Today, David is speaking with Brian Parks. Brian is the Founder and CEO of Bigfoot Capital. Prior to starting Bigfoot, Brian was on the executive team at P2Binvestor, a working capital-focused marketplace lender. Brian was the Founder and CEO of Brandfolder, an enterprise SaaS digital asset management company (acquired), General Manager at Galvanize, one of the first co-working and coding Bootcamp companies (acquired), and employee #1 at Next Great Place, an online travel distribution company (shut down). Brian began his career in commercial lending at First Tennessee Bank (2 years) and moved into lower-middle market M&A advisory investment banking at The Cypress Group and Green Manning & Bunch (5 years). Brian holds a Bachelor of Business Administration in Finance from Southern Methodist University and is a CFA Charterholder.
What You’ll Learn:
• What is Venture Debt
• Banked vs Fund Credit
• Path from Investment banking to Operator to Growth-Oriented Loans
• Understanding When is the Time for a Founder to Step Down as CEO
• Difficulties of Being an Emerging Manager
Favorite Quote:
“You cannot heck track record, It takes time”