Hold On to What's Yours
Get the money you need without giving up too much of the company.
Opinions expressed by Entrepreneur contributors are their own.
John Lie-Nielsen, 28, is on the fast track. The SanFrancisco-area company he and a partner started in 1999, AlliedCash Advance, is growing right out of its britches. Happily, whenit came time to buy bigger britches, Lie-Nielsen knew right wherehe could find the deep pockets he needed.
Lie-Nielsen has been luckier than most--he's nailed downthree rounds of angel capital that helped him open the first retaillocations for his short-term consumer-loan business. In threeyears, the company has grown to more than 35 stores while doublingrevenues each year. But the business is consumer-driven, and AlliedCash Advance growth is fueled predominantly by opening newlocations.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve