Rob Belcher
Managing Director at SaaS Capital, a lender providing growth debt to B2B SaaS companies; experienced in SaaS financing, underwriting revenue-backed loans, and advising founders on non-dilutive growth capital.
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Oct 3, 2025 • 36min
Ep. 178 - Why SaaS Founders Give Up Too Much Too Soon
Rob Belcher, Managing Director at SaaS Capital, lends growth debt to B2B SaaS companies and advises founders on non-dilutive financing. The conversation covers how growth debt funds expansion without heavy dilution. It walks the financing ladder from angels to PE. It explores what lifts valuations, the lender perspective on revenue-backed loans, and how AI is reshaping valuation splits.
