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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