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Los Angeles-based Trust, a fintech startup which helps emerging brands with extended payment terms and other services, said today that it has raised $30M, split between $25M in debt and $5M in equity. Th ....
Upper90 Big equity rounds can hurt founders ownership stakes and create pressure to scale startups quickly. Investor Jason Finger says founders should consider raising money through debt instead. Finger is chairman of Upper90, a credit fund that gives loans to startups. With more venture money sloshing around than ever before, the conventional wisdom for startup founders today is to raise big financing rounds even if they don t need the cash right away. But Jason Finger, the former cofounder and CEO of food delivery startup Seamless, says that approach can hurt entrepreneurs and companies alike. While building out Seamless before the company merged with GrubHub in 2013, Finger saw the risks that equity financing posed to founders like himself. ....