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Often times when companies raise “bridge” financing (this is money from internal investors. Swipely is a socialnetwork orientated around users credit card transaction data. We spoke briefly about why. When you see a big round that is announced, does it mean that they really raised all this money? Short answer: no.
In cases where it is truly a bridgefinancing (i.e. Don't Stop Believin' Is There Any Truth in "The SocialNetwork"? From my experience, negotiating debt deals with an experienced investor will result in a number of the same terms and wont save much (if anything) on legal fees. ► January. (1).
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