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I mean VC's aren't banks giving out small business loans. If you want $500k you go to the bank or find an angel investor, not a VC. The math doesn't work out fo
by qppo 7y ago
I mean VC's aren't banks giving out small business loans. If you want $500k you go to the bank or find an angel investor, not a VC. The math doesn't work out for them.
I think we just need better infrastructure for startups to bootstrap with debt. It's not impossible or unheard of but it's more difficult for fledgling startups to get decent small business loans.
- jeremyjh 7y agoIt is impossible to get loans from banks for unproven business models and it always has been. Banks invest in businesses with proven models, revenue histories, collateral and audited financial statements. Its just not in any way comparable to what a venture needs.
- Paul-ish 7y agoWhile this makes sense, couldn't the founder personally guarentee the loan? If they have a strong income history, maybe collateral such as a home, it should be possible.