Entrepreneurs Turn to Private Placement
It’s great if you have deep pockets and can
personally underwrite the startup costs of your new business. However,
that’s
rarely the case. Or, maybe you’re up and running but need an
infusion
of cash to accelerate growth. Time for that initial public offering
(IPO)? Yeah, right! That could be years down the road for most. So
what’s a business owner to do?
In an economy flirting with recession and plagued by a looming
credit crunch, business owners are searching far and wide for the
answer to that question. A growing number of them are using private
placement financing to raise operating capital, instead of seeking
venture capital. It’s a way to acquire funds without giving
up control
of your company.
Read More ...