AbstractThe global financial crisis of 2007-2008 changed the landscape of financing a business, affecting all projects that are looking for growth based on access to capital. Non-bank finance and new forms of equity access started to emerge not only for attractive born-global start-ups but also for smaller SME´s with sound and sustainable business plans, creating a stronger link between capital and knowledge. This article aims to open a reflection on the future of the sources of financing for an entrepreneur, focusing on three main premises: (i) debt and short term payback, (ii) capital and knowledge acquisition for a sustainable business model (iii) new forms of – debt free - payback to fit the business ability to grow and to focus the financial support primarily on the business model and not on the entrepreneur.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 52220.
Date of creation: Dec 2013
Date of revision:
Start-ups; financing; SME´s access to capital; revenue-based financing; entrepreneurship; capital-as-a-service;
Find related papers by JEL classification:
- M00 - Business Administration and Business Economics; Marketing; Accounting - - General - - - General
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-12-20 (All new papers)
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