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Episode 101: Vik Thapar of Cypress Growth Capital on Non-Dilutive Funding with Royalty-Based Capital


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On this episode

Shiv sits down with Vik Thapar, Managing Director at Cypress Growth Capital, to explore how royalty-based growth capital helps bootstrapped B2B companies scale without dilution. Vik breaks down when this structure works best, how repayment is designed to support continued growth and why many founders use it to double down on proven sales and marketing motions.

The discussion also delves into the operational side—how a team of former operators supports founders day-to-day—and the patterns Cypress sees as these companies mature toward growth equity or strategic outcomes.

The information contained in this podcast is not intended to constitute, and should not be construed as, investment advice.

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