Bandyworks (A): Financing a New Business (Guided By the Past)
Now in his mid-40s, Tom Bandy was not a novice entrepreneur. He was a veteran of the IT revolution two decades earlier. He had started a company after college that successfully exploited a market niche in database management. But by his late 30s, he had lost the business. Now he was ready to launch a new business. And guided by experience, he had some thoughts about how to finance it.