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wow! Phrasing! Are we still doing phrasing? Alternate title: CEO personally guarantees company financing "The CEO believes in his struggling company, although

wow! Phrasing! Are we still doing phrasing? Alternate title: CEO personally guarantees company financing "The CEO believes in his struggling company, although it theoretically means he could have an excuse to sell a bunch of Better.com shares or personally declare bankruptcy, this CEO has 5x as much cash and is probably swimming in less debt than most of the middle class."

bryanrasmussen 4y ago
I agree, there should really be a title change here.
boeingUH60 4y ago
OP here.. I in no way meant the title to be misleading…I included the specific company (Better) because they’ve been in the news recently for multiple rounds of layoffs. Likewise, this is one of the few times I’ve seen a founder personally guarantee such a big loan for their startup, and it’s more notable considering Better’s business (and valuation) seems to be in shambles.
throwk8s 4y ago
It is how the CEO himself described it: "I did personally guarantee three quarters of a billion dollars and I’m personally liable for it." And it is how the title of the article expresses it: "Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan"
- vmception 4y ago
  He also says he “personally guarantees” You can look at all the other comments to see how the word choice alone sways people
fpiazza 4y ago
> wow! Phrasing! Are we still doing phrasing? i read this in Archer's voice
PolygonSheep 4y ago
What's the difference between "personally guaranteeing" a loan and being "personally liable" for a loan? To me they mean the exact same thing: if Better.com (the company) can't pay off the loan then Mr. Garg (the individual) is responsible for coming up with the money.
- vmception 4y ago
  The difference is that the liable is primarily used in the context of “not initially accepting responsibility for an action, but being forced to” Whereas “personally guarantees” is used in the context of “I meant to do this to provide confidence”

bryanrasmussen 4y ago

I agree, there should really be a title change here.

boeingUH60 4y ago

OP here.. I in no way meant the title to be misleading…I included the specific company (Better) because they’ve been in the news recently for multiple rounds of layoffs. Likewise, this is one of the few times I’ve seen a founder personally guarantee such a big loan for their startup, and it’s more notable considering Better’s business (and valuation) seems to be in shambles.

throwk8s 4y ago

It is how the CEO himself described it: "I did personally guarantee three quarters of a billion dollars and I’m personally liable for it." And it is how the title of the article expresses it: "Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan"

vmception 4y ago
He also says he “personally guarantees” You can look at all the other comments to see how the word choice alone sways people

fpiazza 4y ago

> wow! Phrasing! Are we still doing phrasing? i read this in Archer's voice

PolygonSheep 4y ago

What's the difference between "personally guaranteeing" a loan and being "personally liable" for a loan? To me they mean the exact same thing: if Better.com (the company) can't pay off the loan then Mr. Garg (the individual) is responsible for coming up with the money.

vmception 4y ago
The difference is that the liable is primarily used in the context of “not initially accepting responsibility for an action, but being forced to” Whereas “personally guarantees” is used in the context of “I meant to do this to provide confidence”