"Focus on Banking and Finance" piece on royalty-based financing, where investors
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- Finance; Rockwater Capital Management Portland; Terralink Software Systems; Fernald; David; Moore; Peter; Ventre
"Focus on Banking and Finance" piece on royalty-based financing, where investors earn a royalty or fixed percentage of a company's revenue stream rather than receiving equity in the company. Royalty-based financing has been used extensively by the movie, record and book-publishing industries. Peter Ventre and Peter Moore of Rockwater Capital Management in Portland, hope to bring royalty financing to businesses here in Maine. When David Fernald needed $200,000 in 1997 to grow Terralink, his Portland-based hazardous-waste software management company, he opted for royalty-based financing. Details.