Opting for a debt round can take you from Series A startup to Series B unicorn | TechCrunch

June 3, 2021June 1, 2021 ~ knjohn ~ Leave a comment

Debt is a tool, and like any other — be it a hammer or handsaw — it’s extremely valuable when used skillfully but can cause a lot of pain when mismanaged. Fortunately, this is a story about how it can go right.

At the beginning of 2020, my company, Quantum Metric, was on a tremendous growth curve. We couldn’t have been more excited — and then COVID hit. Suddenly, everything was up in the air. Customer behavior quickly began to reflect the uncertainty we all felt, and my team wasn’t immune to it, either. Like most, we sweated through the first few months of the pandemic.

Effective Strategies to Get Your Out of Business Debt | The Startup Magazine

March 18, 2020March 17, 2020 ~ knjohn ~ Leave a comment

Essentially, a business aims to generate profits from its operations. However, if your venture is operating in debt, its viability can be impacted. Many businesses are funded from various loan sources during the start-up phase but issues such as increased interest rates, recession as well as a lack of credit can be a cause for concern. You will realize that your business may be struggling to get out of debt in the long run. With that being said, the situation can be compounded by the limited income that the company generates. When you are in such a predicament, you need to implement effective strategies that can get you out of business debt. If you want to learn some of these strategies, read on!

How to Start a Business Without Debt | BusinessNewsDaily.com

January 7, 2013January 7, 2013 ~ lmehit ~ 3 Comments

Entrepreneurs often talk about how they started their businesses with loans from family and friends, seed money from investors and even by maxing out their credit cards. But, for every one of these feel-good success stories, there are more than a few with unhappy endings.

Noelle Federico, the business manager and chief financial officer of Dreamstime.com, a stock photo service, said that while it is not easy to start and grow a business without incurring debt, it is possible.

“We’ve proven that it can be done,” she said. “Myself and the leadership team at Dreamstime.com have never taken loans, used credit cards or tapped angel investors to grow our business.”