As the economy slows obtaining traditional types of financing becomes increasing difficult. In an article from the July, 2008 edition of “Entrepreneur Magazine” Corey Ribotsky, the managing member of The NIR Group was interviewed to find out his opinion of a less traditional investment vehicle, PIPES, or private investments in public equities. Advising caution, Ribotsky remarked,
“The Company has to know who they’re getting into bed with. You want someone who’s going to be a financial partner as opposed to someone who’s just looking for a trading play.”
