Subject category:
Entrepreneurship
Published by:
Babson College
Abstract
This case describes the financing of a start-up financial services company during the first four years of its development. Like other start-ups, its founder initially sought funds close to home through loans from family members and friends. The case describes how he networked to the larger pools of capital available from individual business 'angels' and angel groups. His methods, failures, successes - and frustrations - are recounted in detail. The views of several key investors are also recorded in their own words.
Time period
The events covered by this case took place in 2001-2006.Geographical setting
Region:
Americas
Country:
United States
Locations:
Waltham;Massachusetts
Featured company
CircleLending
Employees:
11-50
Industry:
Financial services
Featured protagonist
- Asheesh Advani (male), Founder
About
Abstract
This case describes the financing of a start-up financial services company during the first four years of its development. Like other start-ups, its founder initially sought funds close to home through loans from family members and friends. The case describes how he networked to the larger pools of capital available from individual business 'angels' and angel groups. His methods, failures, successes - and frustrations - are recounted in detail. The views of several key investors are also recorded in their own words.
Settings
Time period
The events covered by this case took place in 2001-2006.Geographical setting
Region:
Americas
Country:
United States
Locations:
Waltham;Massachusetts
Featured company
CircleLending
Employees:
11-50
Industry:
Financial services
Featured protagonist
- Asheesh Advani (male), Founder