Page 2 of 2 Previous

Continued: Lee Schafer: Device firms turn to larger peers for funding

  • Article by: LEE SCHAFER , Star Tribune
  • Last update: March 23, 2013 - 3:06 PM

But even at this early stage Scandurra has found corporate investors more receptive to Aria CV than financial investors. He’s clearly weary after two years of bootstrapping, but Scandurra also said he remains optimistic as Aria CV gets close to a funding commitment, although he declined to offer information on deal terms or the parties. If Scandurra’s optimism is well-founded and he obtains a commitment from a corporate investor, lining up other investors should be much easier.

“I just got rejected by a big company, and they said, ‘You’re too early for us,’ ” Scandurra said. “Whenever I hear that, I know that they assume that there are other sources of capital.”

 

lee.schafer@startribune.com • 612-673-4302

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

Advertisement
Golden Gavel by Star Tribune

Time left for great deals

Bid thru Sept. 29

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close