Hold On to What's Yours
Get the money you need without giving up too much of the company.
John Lie-Nielsen, 28, is on the fast track. The San Francisco-area company he and a partner started in 1999, Allied Cash Advance, is growing right out of its britches. Happily, when it came time to buy bigger britches, Lie-Nielsen knew right where he could find the deep pockets he needed.
Lie-Nielsen has been luckier than most--he's nailed down three rounds of angel capital that helped him open the first retail locations for his short-term consumer-loan business. In three years, the company has grown to more than 35 stores while doubling revenues each year. But the business is consumer-driven, and Allied Cash Advance growth is fueled predominantly by opening new locations.
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
Crypto Doesn't Have to Be Serious. Just Ask This Comedian Who Organized a Conference About Failure in the Industry.
Want to Succeed? Turn Your Fixed Mindset Into a Growth Mindset.
Google's CEO Is Asking Employees 3 Simple Questions to Boost Productivity
'Greatest Storyteller Wins.' Katy Perry on the Surprising Link Between Pop Stardom and Entrepreneurship.
The 5 Personalities You Meet in a Coworking Space
'Man's Best Friend' — and Investment: The Thriving Industry of Pet-Related Franchising