Page 7 - BrewDog Venture Capital
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Phase 1: First-Stage Financing:





               First-stage financing has three sub-divisions –


                 i.  seed financing,

                 ii.  start up financing and
                iii.  initial stage financing.








               i: Seed money financing

















               Seed financing is a small amount that an entrepreneur

               receives for the purpose of low-level financing needed to

               prove a new idea.
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