Now in his mid-40s, Tom Bandy was not a novice entrepreneur. He was a veteran of the IT revolution two decades ago. He had started a company who successfully exploited after college, a market niche in database management. But by his late 30s he had lost the business. Now he was ready to start a new business. And guided by experience, he had some thoughts about how to finance it.

Now in his mid-40s, Tom Bandy was not a novice entrepreneur. He was a veteran of the IT revolution two decades ago. He had started a company who successfully exploited after college, a market niche in database management. But by his late 30s he had lost the business. Now he was ready to start a new business. And guided by experience, he had some thoughts about how to finance it.
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from
Gregory B Fairchild,
Charles Tucker
Source: Darden School of Business
7 pages.
Release Date: 1 January 2012. Prod #: UV5329-PDF-ENG
Bandyworks (A): Financing a New Business (Guided By the Past) HBR case solution