They say that the past is a foreign country. For the technologically minded founders of today, many of the old methods for financing a new company – visiting a bank in person to secure a small business loan, for example – will indeed seem foreign to them. We’re at the stage where even the common model of the funding round – the cycle of raising enough money from investors every 12-18 months to finance your company for the next 12-18 months – is starting to seem outdated. Historically, completing a funding round is both a time-intensive and cost-intensive process, with…
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