By Kim Lavine
When you've exhausted your bank's financing options, you're probably a Mid-Tier company. Here's what you need to know when it's time to seek different financing.
In general, a company is second-stage if it is:
- privately held
- past the start-up stage
- facing issues of growth rather than survival
- employing six to ninety-nine full-time employees
- generating between $750,000 and $50 million in annual revenue or has that amount of working capital in place from investors or grants