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Most credit card limits don't touch what a company'd be asking a VC, dontcha think?
by acct1771 8y ago
Most credit card limits don't touch what a company'd be asking a VC, dontcha think?
- toomuchtodo 8y agoAcross a few banks, I have more credit card credit available in aggregate (acquired over only a few months) than YC offers in funding to startups they accelerate (Chase alone will approve you up to almost $100k across several cards before their risk management department starts asking questions). This is not difficult to accomplish for your average credit consumer, and if your burn rate is low and you have some reasonable path to profitability, it’s superior to taking investment.