Venturing into the equity gap
Article Abstract:
Many start-up firms have problems securing equity financing because their capital needs are too small to interest banks, insurance companies, pension funds or even venture capital companies. In such a situation, small firms have no choice but to finance their expansion any which way then can. This requires a fair degree of creativity on the part of the start-up, the perseverance to find a suitable backer, and the ability to form a persuasive yet realistic proposal for providing a reasonable return for interested investors. One possible source of funding are the so-called 'business angels,' who are usually successful entrepreneurs looking for interesting investment opportunities. Other potential sources of funding are established firms working within the same industry as the start-up and the few venture capital companies that are willing to carry start-up risks.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1995
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The view from the executive box
Article Abstract:
Finance Dir Derek Peter joined the Tottenham Hotspur PLC soccer team shortly before it went public in Oct 1983 and has recently diversified into recreation-oriented clothing retail outlets, mail order, and publishing. The diversification effort is designed to keep the company healthy, even at times when the soccer team is not performing well. Tottenham has set itself up as a financial force worthy of contention in its football league. The firm employs three accountants to help in its diversification and financial management efforts.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
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