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Texas

New high-tech bridge loan fund

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This story appears in the December 2000 issue of Entrepreneur. Subscribe »

Technology entrepreneurs in the Lone Star State who are seeking capital may be eligible for a bridge loan of up to $200,000 through the new $2 million SeedStage Angel Club Fast Money fund managed by Bank. SeedStage is an -based venture accelerator that prepares entrepreneurs to seek equity capital. Here's how the loan program works:

Ideally SeedStage seeks entrepreneurs who have at least six months of sweat equity invested in a venture. The must be capable of producing at least $100 million in sales for the firm in an industry with at least $500 million market capitalization. Additionally, the business should be capable of yielding a 50-fold return on the . Begin the process by registering for a $250 membership in SeedStage at www.seedstage.com. Registration is followed by an invitation to visit a SeedStage fast-pitch meeting, where you'll give a mock 15-minute presentation in front of a partner team. This is followed by 15 minutes of candid feedback, supplemented by videotaped and e-mailed commentary.

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