Once, they looked to finance companies that might one day, with luck, be worth $50 million.
So far, the company has been financed with a single $40 million bank loan.
There were differing reports on how the company would be financed.
Most new companies are financed by individuals at the earliest stage.
The start-up company was financed with $1.5 million from 120 investors.
The company is being financed by a single investor, who has declined to be identified.
One goal of the business club is to create an investment fund to finance black start-up companies.
That has broken the cycle of banks directly financing companies.
The first companies to drill within the state were predominantly small and poorly financed.
The company was financed amongst others by his wife Wendyll's family.
