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A company looking to convince startups to ditch VC funding in favor of taking out a loan just raised $1 billion

Axios/Lazaro Gamio Clearbanc has now raised a total of $ 1 billion in capital to fund startups. The company offers startups an alernative to raising funds through a venture capital firm, giving loans (that don’t require an equity stake) with 6% interest that are repaid by taking a portion of the startup’s revenue. Clearbanc, a […]