( www.redherring.com ) – Venture debt firms aren’t happy that hedge funds are encroaching on their turf by lending to high-tech startups.
Venture debt firms on Wednesday blasted hedge funds that are seeking to lend money to startups, saying the funds often dole out ill-advised loans to companies that may not be able to returnthe money.
Venture debt firms, such as Silicon Valley Bank and Sand Hill Capital, make money by loaning money to startups to help them expand their operations without diluting ownership.
