US startups load up on debt


SAN FRANCISCO: Persado chief executive officer Alex Vratskides could raise venture funding. He’s just not sure he wants to.

His New York-based startup doubled annual revenue this year and is on track to break even in 2017. Valued at about US$200mil in April, the marketing automation company counts Bain Capital and Goldman Sachs among its backers – a source of validation in the eyes of many venture investors.

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