There is a lot of creativity and entrepreneurship in young people that can be unleashed if initial financing can be found.
Initial financing, the company noted, will be fully provided by a consortium of six banks including JPMorgan Chase and Bank of America.
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In an economy with ever-decreasing startup costs for new companies, 91% of ventures seeking their initial financing rounds during the past quarter have come to the table with something to show prospective investors.
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As previously disclosed on January 8, 2013, Clearwire did not take the initial draw under the Sprint Financing Agreements as DISH indicated that its preliminary proposal would be withdrawn were Clearwire to draw on the financing.
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The group meets twice a month to listen to pitches from the heads of companies that have moved past an initial "friends and family" financing stage.
Most heart-arresting are bridge loans, which carry a company to an imminent financing eventa venture round, an initial public offering or an acquisition.
The plug-and-play solution minimizes engineering effort and civil requirements and lowers initial cost, scheduling, technical, permitting and financing risks with its factory-tested components and GE warranties.
And they're scheming to keep the taxman at bay earlier, long in advance of their initial public offerings, even at the venture-capital financing stage.
The German weekly Der Spiegel has reported that an initial assessment by the inspectors suggested Greece may need to cover a financing hole of up to 14bn euros over the next two years, rather than the 11.5bn Athens has identified for 2013 and 2014.
Sprint has stated that it is concerned with Clearwire's failure to consummate the January 2 tranche of funding under the Sprint Financing Agreements, that it does not believe Clearwire's initial draw notice was revocable and that it has reserved its rights relating thereto.
In that context, speculation swirled that Apple might offer a historically high amount of initial debt to fund the program and establish a viable yield curve for an ongoing financing program.
That is because in the current environment, when markets allow buyers to provide a reasonable multiple, get financing, offer an attractive premium and clear the deal with shareholders, the initial bid is likely to be fully valued.
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But Motsepe's lean operating style--not to mention the sweet financing deal--made the shafts profitable in the first year, though the initial months were nerve-racking as gold continued to fall.
After at least a dozen turn-downs seeking thirty million dollars in bank financing for a professional football team that I represented, I faced the fact that my initial approach was not working.
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