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Raising Capital – Line of Credit, 409a Valuation

Dashboard > Chapter 2: Growing and Raising (Capital) > Raising Capital – Line of Credit, 409a Valuation

Raising Capital – Line of Credit, 409a Valuation

The Sauce Needs Moss (Cash)

There is a big issue looming: as the company wants to "scale up" to sell a million bottles a week someday (that's Bubbie's dream and motto on the bumper sticker of her Cadillac), the company needs cash. And a fair amount of it. Like maybe five or ten million bucks. Originally, they received 90-day terms from vendors (The Sauce Company had 90 days in which to pay them for onions, bottles, garlic, etc.), the people selling them bottling facilities and onions and...

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