Although hi-tech IPOs have become bigger, and easier for companies to do, early stage financing can still be tantalizingly difficult for a start-up to lay hands on. Money is available for the right company with the right product, but smaller companies in particular can find the procedure tortuous and the expense involved disproportionate to the amounts they need.
In circumventing at least one of these problems Argo Interactive, a company based in Chichester, UK, which specializes in internet software tools, has proved to be as imaginative in raising finance as it has been in developing software.
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