What is a Second-Stage or Mid-Tier Company?

Critically-acclaimed bestselling business author Kim Lavine

Critically-acclaimed bestselling business author Kim Lavine

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