Thanks for that very interesting comment. Never thought of it that way but makes perfect sense. My view was distorted by the fact that my banker easily opens l

Thanks for that very interesting comment. Never thought of it that way but makes perfect sense. My view was distorted by the fact that my banker easily opens lines of credit for my company where the collateral is virtually non existent (SaaS startup). I compared that to industrial companies where, to me, assets are more liquid:a truck or whatever industrial equipment probably can probably be sold more easily at an auction than the software IP of a company. While true, I neglected the fact that the auctionned truck will go for probably 25% of its original value and the bank will not refer its funds... My banker is not trying to earn something on our lines of credits, he is betting on the fact we will do a lucrative exit and that it will, in the end, be beneficial to him.