4 ms·
Something like that yes. Mind you some jurisdictions have laws around “reasonable salary” so always important to check these things with a professional first.
by Swizec 4y ago
Something like that yes. Mind you some jurisdictions have laws around “reasonable salary” so always important to check these things with a professional first.
For a more fun take: Watch WeCrash and notice how the protagonist magics 100mil for personal use after raising the huge Softbank round … and what happens to that liquidity when an IPO doesn’t materialize.
- rexreed 4y agoHow and when does the loan get paid off then? How is this better than taking salary without the burden of debt repayment?
- Swizec 4y agoAlas I’ve never been wealthy enough to see how this works in practice. At my level (can borrow about 4 months worth of living cost) you do have to pay it off eventually, you just get quite favorable interest rates in the meantime.