WSJ:
Earlier this year, Doug Dunbar got to the end of a 13-year career at Sprint Nextel Corp. and decided he wanted to strike out on his own with a small business. When it came to funding the venture, he decided to take a big gamble - one that is becoming increasingly common among boomer entrepreneurs.
‘This business is going to be 100% financed by me,’ says the 47-year-old Mr. Dunbar, a former marketing executive in Tampa, Fla. ‘I’m not borrowing anything from anybody.’
Why not just take out loans? Interest payments would put a big burden on the venture just as it was finding its feet, he says. ‘I have this nest egg sitting there, so it made perfect sense to leverage it,’ says Mr. Dunbar, who is using his trove of cash and stock options to start a branch of the EYESthere Inc. digital-video security franchise.
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