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Is there even time for some lending entity to do enough due diligence to figure out which of the startups are even worth gambling on? That could take weeks or m
by UncleOxidant 4y ago
Is there even time for some lending entity to do enough due diligence to figure out which of the startups are even worth gambling on? That could take weeks or months. In the meantime payrolls have to be met, leases and light bills paid.
- deleted 4y ago[deleted]
- dahdum 4y agoYou aren't gambling on the startup if the collateral is the receivership certificate / advance dividend. Those should be quick to verify. Any loans up to $250k would be even easier.
- toomuchtodo 4y agoYes? https://news.ycombinator.com/item?id=35102196 https://news.ycombinator.com/item?id=35102196
- toomuchtodo 4y agohttps://news.ycombinator.com/item?id=35112410 https://news.ycombinator.com/item?id=35112410