Tuesday, May 12, 2009/
I agree, tough times to raise capital, especially if it’s not marketing focused. Along the lines of what you’re talking about, we raised credit from inside investors to ramp up marketing and revenues to justify a higher valuation for next round.
Am considering US, European and Asian VCs (ones that have invested in digital & online travel) for future raising, given Australian VCs seem much more risk averse to the category and want a more mature balance sheets.
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