This is very much not true. You are liable up to the amount of capital invested in the typical company in most European countries. The minimum capital investmen

This is very much not true. You are liable up to the amount of capital invested in the typical company in most European countries. The minimum capital investment varies by country, but you are never liable for more than that in that form of company. There are other company forms where you are liable, but if you are going into a risky field you should not be using those. The way I understood it, the guys DHH was working for took credit in their own name to finance the company, which is generally a bad idea.