By Steve LittenThe money is in, but the deal won’t be made official until the company’s founder, Alex Czapnik, gets a loan.
But the financing comes with some caveats.
The startup is in the process of raising money through an angel fund, but there are a few things to watch out for.
First, if the company is successful, the loan will come with a steep $20M investment, according to Czampnik.
This investment comes with strings attached: you’ll get to keep the company and its software, for instance.
Second, there are two things you should know about the startup: it’s a software company and it’s going to need to hire a CEO, or, if you’re the owner of the company, you can buy it.
So far, Czapa has raised $16.7M through angel funding.
And as for the financing, CZapnik says that the startup is trying to figure out how to raise the money.
He’s also looking for a new venture capital partner.
But he said he hopes that, if he can find one, it’ll be through an equity deal.
If the company does get a large loan, it may not be able to go public in a couple of years.
As a bonus, the company will be able offer the services of a COO.
That’s important, because if Czapo can get a new CEO, he may have to take a new role.
So, there’s that.
This article has been updated to reflect that Czapek is in fact the founder of the startup, not a CEO.