Wednesday, November 01, 2006

Venture Firm Is Giving Loans a Try - New York Times

"Charles River Ventures, one of the nation’s oldest venture capital firms, has come up with an unusual program to attract promising entrepreneurs: It will offer loans of up to $250,000 to help them turn their ideas into fledgling businesses.
Doling out small loans is an unconventional strategy for a 36-year-old venture firm that has about $1.8 billion under management. But Charles River said it hoped that the program, to be announced Wednesday, would allow it to tap into a new generation of entrepreneurs who are increasingly starting companies on a shoestring. "

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