• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

All posts by Patrick Ache

Patrick Ache
Patrick Ache, is a Business Development Coach & Advisor, who loves creating long-term value for his clients by helping them craft strategy and persuasive content to get customers and (thereafter) funding. His MBA (University of Pretoria) and 10+ years persuading government regulators, private institutions and individuals in Africa hold him in good stead. So too does his support for Chelsea FC.
  • 4 reasons your startup won’t get financing

    Startups face numerous challenges when it comes to getting financing. Firstly, many banks lend money on the basis of the 4C's of Credit. These are Capital (assets linked to your business), Collateral, Capacity (a track record showing the business earned sufficient income to cover its loan repayments) and Character (usually a good credit rating). Since it is difficult for startups to have all of these C's, it is, therefore, difficult for startups to get loans from banks. Secondly there many non-bank financing sources for startups, such as the 3F's, angel investors, venture capital firms, government institutions or even Development Finance Institutions...