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I know SC initial funding is unprecedented, but is taking out what amounts to a line of credit really that uncommon? It doesn't necessarily mean the initial 150
by adrenalinelol 9y ago
I know SC initial funding is unprecedented, but is taking out what amounts to a line of credit really that uncommon? It doesn't necessarily mean the initial 150M has dried up -> thus the sky just may not be falling?
- mrmcd 9y agoThe terms of the loan we're really, really unfavorable. They essentially pledged every piece of IP they have to get the loan. It's not the kind of loan you take if your company is healthy and has easy access to financing.
- Klathmon 9y agoIP which is basically worthless if the game doesn't ever release. A bank that gives out loans to a failing company with collateral that is worthless if the company fails doesn't seem that smart.
- funnyfacts365 9y agoBut the queen banks with them! /s