August 12th, 2017
In Business
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If you enjoy this article, see the other most popular articles
If you enjoy this article, see the other most popular articles
If you enjoy this article, see the other most popular articles
Parsely says no to $40 million, yes to $6 million, why not just get a bank loan?
(written by lawrence krubner, however indented passages are often quotes). You can contact lawrence at: lawrence@krubner.com, or follow me on Twitter.
It’s interesting that Parsely said yes to $6 million. They are basically profitable, but they need some money for expansion. In all previous eras, they would have applied for a bank loan. That is what profitable companies do when they want to expand. But somehow, we now have a business culture where it seems to make sense to sell equity to finance expansion, even when profitable.
I am not for or against this, I’m simply noting how much this is an example of the zeitgeist. This is where we are at right now.
Post external references
- 1
https://blog.parse.ly/post/6282/why-we-said-no-vc-money/
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