> Lots of debt, all given to tech startups, which will almost all go bust with the first recession. Let's see, what does that remind me of? So will all of the

> Lots of debt, all given to tech startups, which will almost all go bust with the first recession. Let's see, what does that remind me of? So will all of the equity. I'm against debt in general as a means of funding and financing because it dissasociates the interest of the debtor with the creditor. But having debt as an option functions as a great competitor to equity based funding, which means that it gives founders more leverage to get better deals in either system. Note that people out there are parking money in negative interest rate bonds today: wouldn't that money be better served in low yield-AAA debt on tech companies that have the business model to back it?