“I don’t see myself as a business freshman who is creating a startup. I think I should do what I know best, which is finance and management, instead of trying to program something on the quiet in a garage,” he said in an interview to the Lietuvos Rytas daily.
Asked whether he had accumulated certain capital that would enable him to start a financial business, Danys said that the notions of equity capital and loan capital were confused in Lithuania.
“When you borrow, you have to comply with the creditor’s requirements at once, to work out a plan for loan repayment and you lose a possibility to live flexibly. Therefore all companies that want to grow rapidly are looking for investors and using equity capital. There are venture capital funds, business angels, private equity funds for that purpose. They provide much more flexibility,” the banker said.
Danys, 38, has decided to change careers after working in banking for fifteen years.
