{"id":789,"date":"2003-08-18T00:00:00","date_gmt":"2003-08-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"tech-firms-missing-out-on-venture-capital-cash","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2003\/tech-firms-missing-out-on-venture-capital-cash.html","title":{"rendered":"Tech firms missing out on venture capital cash"},"content":{"rendered":"<p>MORE than a quarter of technology businesses rely on a bank loan or overdraft to fund development, according to a study by Grant Thornton.<\/p>\n<p>  Only 12% depend on cash from the venture capital market, suggesting that some could be missing out finance from this source.<\/p>\n<p>  Pat McLay, business advisory partner in Glasgow, warned: &#8220;There has been strong evidence of the debt market hardening over recent months and banks are taking a much more risk averse view.<\/p>\n<p>  &#8220;This is bound to cause problems for debt-financed businesses of the size and type surveyed.&#8221;<\/p>\n<p>  McLay said that mid-market technology companies should re-visit the VC market if they had a long-term development capital need and the track record to attract investment.<\/p>\n<p>  He added: &#8220;Many technology businesses had such a hard time raising finance two to three years ago that they have formed the view that VC finance is not for them.<\/p>\n<p>  &#8220;However, an established trading business with further significant growth potential is a very different proposition to a start-up.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MORE than a quarter of technology businesses rely on a bank loan or overdraft to fund development, according to a study by Grant Thornton. Only 12% depend on cash from the venture capital market, suggesting that some could be missing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-789","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=789"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/789\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}