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Hold On to What's Yours

Get the money you need without giving up too much of the company.

By David Worrell • Sep 1, 2002

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.

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