3 ms·

$225k? You don't need an angel, you need a bank loan.

• rdl 12y ago
  For a startup, outside of some very rare circumstances (inventory financing or equipment financing, with pre-existing great credit), you're not going to be able to borrow $225k with corporate liability. It would be entirely on the founders. Having financed 2 businesses with personal liability (credit cards) and lost about $200k each time -- there are reasons you might not want to do this. It still makes sense in some cases. I'd probably do it again. It's probably not a good option for most people most of the time, especially if they can raise investment. External investment also provides other benefits (validation, connections) that debt financing on credit cards doesn't.