Tech debt is simply another debt that a company or org needs to deal with. It's far cooler for a tech company to worry about their funky no vowels thing than s

Tech debt is simply another debt that a company or org needs to deal with. It's far cooler for a tech company to worry about their funky no vowels thing than say the rent. My boring little IT company in the UK owns its premises - roughly an acre in a town in Somerset with a 19m long edge red brick two floor building. The property costed us about £240,000 - the mortgage is cheaper than the rent we paid on part of a converted stables really out in the Styx. Now with a mortgage there is the fine print. In the UK it is normal for a bank to require a "debenture". Your Loan to Value is below a percentage then the bank can intervene at any point and take over, which is what at least one bank in the UK did to try and shore up their finances when it all went south in 2007ish. There is another thing called an "Overage Clause". That's where the vendor wants to make a hold over future profits. So we bought our place from the NHS and they sought an overage in perpetuity (for ever) on any profits we might make on selling the place. We negotiated on 10 years. That expires this year. With it, we would have to hand over 50% of any profits from sale. Running a company is not rocket science but it can be tricky. My little firm will never be a unicorn or even a mare with a cornet on its nose. I don't care.