When to let your competitors be your investors

GUEST: When startups need money, they typically roll out their slide deck to the usual suspects: VCs, angels, or friends and family.
Increasingly, though, more tech and biotech entrepreneurs are looking beyond those traditional sources and seeking capital from what might seem to be an unlikely suspect: their competitors, also known as “strategic investors.”
Strategic investors are operating businesses, typically in the same industry as the startups they are investing in. Therefore, t