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Is FastPay A Real Alternative To VC Funding? Two Digital Media Startups Say Yes

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http://techcrunch.com – Back in June, I wrote about a startup called FastPay, which offers credit lines to digital media companies. At the time, CEO and founder Jed Simon pitched the service as an alternative to venture capital. Well, a couple of months later I asked: Are there really companies that used FastPay instead of raising venture funding? In response, the FastPay team put me in touch with two customers — Moguldom Media Group and Giant Media. Since I only talked to two out of what Simon said is about 100 total customers, Moguldom and Giant’s probably aren’t entirely representative of the FastPay (IT news)