Typical Terms

Basis State terms are designed to align our incentives with owners. We use a standardized framework to provide up-front transparency and minimize transaction expense.

 

No Change in Ownership

Basis State does not take equity, which means working with us doesn’t require negotiating changes to your cap table.

Performance-based Fees

Basis State works on performance. If we don’t get to liquidity, we don’t get paid. Our fees comprise a Profit Share and an Outcome Fee.

A percentage of profit after we have engaged. This includes a minimum, which accrues until there is cash flow to pay it.
A percentage of the proceeds from a change of control (acquisition). There’s a minimum that goes to the owners before we get to participate.

Clear Entity Separation

We operate independently so there’s no confusion about vendor relationships and other liabilities.
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