RE: Top 5 Reasons Why Banks Avoid Giving Loans to Startups
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Yes, but, there are the "angel investors" and other "venture capital" businessmen specialized in startups. And with the actual low-interest environment (and risk-friendly capital markets, stock exchanges) in most developed countries, there is a lot of money for this. I participated in presentations of startuppers and they say: the money is no problem. The ideas, either. (Facebook wasn't an original idea either, wasn't the first social media.)
Investors like other factors like: devotion, aspiration, diligence, intelligence, realization, dedication... One of them said: We like more the startuppers who failed and went bankrupt twice already. They have more experience than newbies.
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No doubts, venture capitals are willing to take greater risks with a large chunk of profit should the business succeed. Nice points here. Cheers!