Those of us who have had to raise capital have encountered a distinct difference in the way lenders and investors think.
First, what the difference is not:
it’s not that lenders are stupid and investors are brilliant, although there are some investors who still believe that and behave as though it were true. Neither is it that lenders are careful while investors are riverboat gamblers, although many lenders seem to believe that to be the case. We’ll stipulate that most… Continue