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Startup demand for debt on the rise, lender says

Posted on May 22, 2008

Last week's news that Facebook Inc. had borrowed $100 million from TriplePoint Capital sparked speculation that the social networking site had turned to lenders after being turned away by venture capitalists no longer willing to bet on the company's sky-high valuation.Not so, says TriplePoint CEO Jim Labe (pictured), who notes that TriplePoint had previously issued $200 million in debt to Facebook and has helped finance a range of companies, from Netflix Inc. [NFLX] to HotMail before it was acquired by Microsoft Corp. [MSFT] and YouTube before it was bought by Google Inc. [GOOG]. TriplePoin...

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