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> Leo and I are committing $100k each in the form of a loan at the lowest possible interest rate, with repayment only when Buffer reaches a healthy financial po
by OliverJones 10y ago
> Leo and I are committing $100k each in the form of a loan at the lowest possible interest rate, with repayment only when Buffer reaches a healthy financial position. Savings: $200,000.
Oops. This isn't savings. It's high-priority debt. Investors really want to invest in the future of the company, not the past. If these guys want to serve their company, they'll
(a) write this off their personal books, considering it an unrecoverable cost.
(b) convert it from debt to some kind of warrant giving them the right to recover it from profits at some point in the future.
Who's advising these guys?