> Corporate Paper and bank loans are pretty much impossible since you have almost no revenue and not even a history of revenue. If you can get a loan, it will h

> Corporate Paper and bank loans are pretty much impossible since you have almost no revenue and not even a history of revenue. If you can get a loan, it will have a double-digit interest rate. These two things can't really jive in the same world. There can't be a bunch of investors willing to blow huge sums of money on a business with no revenue in exchange for equity in pursuit of above average returns but no investors willing to buy corporate bonds or a new to be determined IOU structure from a business with no revenue in pursuit of above average returns. The only necessary condition in my view for this kind of investment to not shaft workers in the long run is that the amount paid to fulfill the IOU can't be indefinite or unbounded.