Things you can spend Venture Capital on?
Posted by admin on 21 Jan 2009 9:50 pm. Filed under Small Business.
Andy
I have always wondered – if you own your own company and a VC invests an amount of money in it, what is this funding generally *allowed* to be spent on?.
I have always wondered – if you own your own company and a VC invests an amount of money in it, what is this funding generally *allowed* to be spent on?.
I can think of the obvious – running costs, R & D, salaries – but what else?. If you own/started up the company, is it generally permissible for *you* yourself to be paid a salary out of this funding too for the work you are carrying out?.
Any hints or tips about the correct or best usage of VC investment would be much appreciated.
One Comment to “Things you can spend Venture Capital on?”
Leave a Reply
You must be logged in to post a comment.
On January 23rd, 2009 at 7:21 pm
Venture Capitalist seldom invest in a company without assuming control. They would guide you in any spending. They are not in the business of giving away money without control.