Shadow Ventures
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Shadow Ventures

A Startup Survival Guide to Tough Times

I remember the day in 2008 when my bank called me and asked for a meeting. I was running a startup that was gaining incredible traction — until 2008, that is. My startup was focused on the construction industry. The bank gave me notice on our line of credit; we had 30 days to pay back the money that had been covering the majority of our expenses.

In 30 days, we also had no way to cover payroll. And guess what? No one was lending. The venture capital community was being highly selective, angel investors were toast, and corporates were worried about bigger things…

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