Friday, September 23, 2011

Is The Startup America Initiative Moving Fast Enough?

Sounds a little like personal experience­,or someone you know. VC don't walk away from "bumps" usually having done enough due diligence to evaluate risk. They do, in fact, make a second rould of financiang very hard on startups that haven't met goals, sometimes requiring a management change in exhange for new capital. The SBA, when a loan defauls without a "workout," seizes collateral­, usually having required a home's equity, and personal net worth guarantees­.

But, everybody, VC and government­, SBA CAN get "snookered with bad faith players in a deal, combined with political leverage from fund raisers a la Solyndra.
Read the Article at HuffingtonPost

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