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I generally try to be encouraging of people putting themselves out there to create something new, but I'm worried that you're creating a pretty serious moral ha
by bstrong 5y ago
I generally try to be encouraging of people putting themselves out there to create something new, but I'm worried that you're creating a pretty serious moral hazard for the founders you're trying to help.
It's the kind of situation that can lead well-intentioned people to make bad decisions.
- vkorshin 5y agoThis is simply a tool to help founders get access to non-dilutive growth options, since right now they have very few alternatives at the earliest stages. We start with a safe amount of leverage and increase it as loan performance becomes predictable.