Re:How to proceed when you run out of cash, but you still be...
by scarface74 on Wednesday December 04, 2019 @06:36PM
(#21708356)
Why is that a bad thing? If you are profitable, why would you want to give up equity and control?
Re:How to proceed when you run out of cash, but you still be...
by x0x0 on Wednesday December 04, 2019 @06:40PM
(#21708372)
Serious question -- why would you want something besides a bank loan? Because a loan at a couple of percent is way cheaper than VC, who will typically want at least 20% of your company?
My company reliably earns low-7-figures on high-7-figures revenue, with respectable but not amazing growth, but the only capital "market" open to us is bank loans and merchant financing.
Nobody cares about boring profitability.