k, thanks. So it sounds like the tradeoff that a founder is making between selling a small portion vs taking this loan is that in the case of a down round, they

k, thanks. So it sounds like the tradeoff that a founder is making between selling a small portion vs taking this loan is that in the case of a down round, they would still get something from their shares. i.e. in the your ~1mm fire sale case, if they sold the equity instead, they would still get ~$800k. That seems like an interesting trade off. More exposure to the upside at the expense of a potential payout in an underwater exit. I suppose in a ZIRP environment, a product like this makes sense, and I know a few folks who might be interested.