Vik Thapar on the How to SaaS Podcast

Many founders reach a stage where growth is clearly within reach—but the next capital decision isn’t always straightforward. The business has traction, momentum is building, and there are real opportunities to scale. But raising equity too early can introduce tradeoffs that founders may not need to make.

In a recent episode of the Private Equity Value Creation podcast, Shiv Narayanan speaks with Vik Thapar of Cypress Growth Capital about how entrepreneurs can evaluate whether non-dilutive, royalty-based growth capital is the right fit at this point in their journey.

In the episode, they discuss:

  • Early indicators that a company can deploy royalty-based capital effectively

  • Why certain bootstrapped businesses can see outsized outcomes with this approach

  • What to have in place within sales and marketing before adding growth capital

  • How to recognize when this structure isn’t the right tool, even for strong businesses