Vultures dressed up: the entrepreneurs rejecting venture capital funding

The Guardian | December 30, 2016

Entrepreneur James Davis secured £100,000 in venture capital finance to start an IT business, in exchange for a 50% stake in his company. He was assigned a handler to talk to, but says there was very little engagement or involvement and none of the dialogue he expected. Nine months later we were growing but not at the rate required by the VC, so I went to a meeting with the handler to discuss next steps, he says. After an hour looking at spreadsheets he said it was time to wind the business up. I assumed I’d have a month to implement that but he said: We’re going to do this right now. I almost threw up in his office.

Spotlight

Discover who's driving today's small businesses, the impacts of COVID-19, and what small business owners expect the future to hold in 2021.

Spotlight

Discover who's driving today's small businesses, the impacts of COVID-19, and what small business owners expect the future to hold in 2021.

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SMALL BUSINESS ADVICE

Bill.com and Square Collaborate To Help Small and Medium-Sized Businesses Navigate the Second Year of the Pandemic

Bill.com | May 04, 2021

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SMALL BUSINESS ADVICE

Yahoo Small Business Expands Partner Ecosystem to Include Best-In-Class Solutions from Industry Leaders

Yahoo Small Business | August 19, 2021

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MANAGEMENT

FreshBooks and Sensibill Partner to Help Small Business Owners Improve Expense Management

Sensibill | December 13, 2021

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