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Having the right investors adds value in a way a bank holding a loan absolutely never will.
by bpodgursky 6y ago
Having the right investors adds value in a way a bank holding a loan absolutely never will.
- redisman 6y agoBut if the company is using money as "100% gasoline" then they've got it figured out and don't need intros from the investors.
- ben-gy 6y agoCorrect - accelerant can be traded for “equity for lots of cash plus advice” or purchased “cash for advice” - I’m a big fan of bootstrapping to a financially stable state and having the option to take either route without the business being reliant on either - then again, in Australia we don’t have much choice anyway - venture capital and banks are both exceedingly conservative which perpetuates this approach more so than in other ecosystems with more funding liquidity.