On Thu, Jan 18, 2001 at 04:42:55PM +0000, Greg McCarroll wrote:
> > have to pay them back with interest and stuff.
> equity surely? ;-)

Yes. But if you're successful the "interest" rate is huge ;)

But if you're not, well, they lose the money and not you.

FWIW It's much easier to negotiate with VCs if you're already
well established and actually have revenue and commitments and
stuff....

Tony
-- 
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 Tony Bowden | Belfast, NI | [EMAIL PROTECTED] | www.tmtm.com | www.blackstar.co.uk
                     my Uncle Sol had a skunk farm but the skunks caught cold
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