4 ms·
> startup to raise a $1M line of credit from a bank through some creative financing shenanigans The whole point of that $1M is to send send the message "stay
by creativeSlumber 3y ago
> startup to raise a $1M line of credit from a bank through some creative financing shenanigans
The whole point of that $1M is to send send the message "stay out". It's like a rattle snake shaking it's tail. Basically anyone doing this has to treat that money as throw away money since Apple may keep that money for whatever reason, including criticizing them on current/future TOS policy changes.
- rad_gruchalski 3y ago> The whole point of that $1M is to send send the message "stay out" Alternative take: the whole point of €1m is to send a signal “I’m serious about doing this”.
- _hl_ 3y agoYou're not giving Apple $1M. You're merely giving them a letter from a bank saying "We're $TrustworthyBank and we trust creativeSlumber enough to be willing to give them a $1M loan whenever they want, according to such and such terms". By giving that letter to Apple, you're just telling Apple "I could give you $1M but I'm not going to, instead take this letter that says that I could give you $1M if you wanted to." No actual money ever changes hands.