Wonga for Business takes advantage of banks’ funding gap

By on October 4, 2013   /   Blog Post, business, Investment   /   Leave a comment
Wonga for Business takes advantage of banks’ funding gap

Wonga for Business is providing more than £500,000 in short-term loans a month.   Directors increasingly are using alternative forms of finance to fund their companies. A survey of 5,000 SMEs has revealed that 44 per cent used “non-core” finance in the second quarter, up from 39 per cent.  The survey showed that instead of turning to traditional loans, credit cards and overdrafts, companies were taking other options, such as leasing, invoice discounting, grants and loans from directors.   The use of short-term loans from companies such as Wonga for Business

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You can’t fire your investors – 5 tips to keep investor relationships strong

By on October 4, 2013   /   Blog Post, business, Investment, M&A, PE/VC, SEIS   /   Leave a comment
You can’t fire your investors – 5 tips to keep investor relationships strong

Have you ever seen a story about a start-up firing its investors?  Me neither. The reality is that investors don’t get fired. They may get squashed in a recapitalisation, minimised in a down round, or bought out, but they don’t get removed. Because the minute they give you money, they aren’t going anywhere.  Unlike an employee that quits or a founder that gets replaced, your investors aren’t walking away until they get their money back, regardless of how painful the process is. Investors are professional at one thing: Investing. Yes,

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