`Frothy Credit Markets Are Good' for This $2 Billion Startup
- AppLovin, which helps gaming apps, was shut out by VC firms
- CEO Foroughi received funding from leveraged loans instead
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Adam Foroughi was once spurned by VCs, but he ended up finding ready backers for his tech startup in the market for leveraged loans.
Like Uber Technologies Inc., Foroughi was able to borrow in the white-hot market without giving anyone a piece of his company.