The CVF Journal
Field notes on capital efficiency, the EBITCAC framework, and the economics of non-dilutive growth for Series A/B SaaS startups.

Pipe: A Fintech Pioneer in Revenue-Based Financing
Introduction Pipe is a financial technology ( fintech ) company founded in 2019 that has gained fame as a pioneer of revenue-based financing. Often described as a “Nasdaq for revenue,” Pipe built a…
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Global Review of Customer Value Finance (CVF) Funds
Introduction: The Rise of Customer Value Finance Customer Value Finance (CVF) is an emerging investment philosophy that centers on customer-centric metrics – such as Customer Acquisition Cost (…
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The Potential of Consumer Value Finance (CVF) for Startups in the US
Introduction Startups across sectors – from SaaS and fintech to direct-to-consumer brands – often face a dilemma: how to finance aggressive customer acquisition without jeopardizing their fin…
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