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Smarter business start-ups: Start your dream business by Jon Smith

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15

The Tet offensive

Sometimes banks are unwilling to lend large sums of money, especially if the money is unsecured. This is when you need to call in the big guns.

To say dealing with venture capitalists or business angels is like selling your soul to the devil might sound a bit strong – but it’s not far off…

If you require larger amounts to realise your business objectives, then a route to raising the capital could be through either business angels or venture capitalists. Business angels tend to be individuals looking to invest their money in new businesses, or businesses seeking a second round of investment to help growth. It all sounds incredibly benevolent, but angels want a better return than they would receive through a bank (currently ...

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