An Income Share Agreement (ISA) is a contractual agreement between an entrepreneur and Chisos in which the entrepreneur receives investment capital and access to a founder's community, startup resources and advisors in exchange for an agreed upon percentage of future income over a pre-defined number of years. A Chisos ISA is different than other revenue-based financing because the ISA is tied directly to the entrepreneur's personal income, not the business revenue or profit.
ISA contracts are based on the six key terms seen below.
We are experimenting with a new type of investment, so the exact terms will depend on the entrepreneur and their company's unique situation. We've started an explainer series that can be found on Medium (link)