After two competitors, Pets.com and Petstore.com, became the first startups to receive major venture capitalbacking, PogoPet agreed to meet with Reisman that Saturday.
With collateral being re-hypothecated to a factor of four (according to IMF estimates), the actual capitalbacking re-hypothecation transactions may be as little as 25%.
Now lenders of every stripecommercial institutions, bridge-loan outfits, venture leasing firmsare falling all over themselves to hand out cash to profit-challenged companies, provided they have venture capitalbacking.