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Did you miss the key words of LOAN and 15% APR?
by mattmanser 3y ago
Did you miss the key words of LOAN and 15% APR?
- JumpCrisscross 3y agoYou should be able to get a non-recourse loan, i.e. where you never owe more than the stock is worth. That said, Reddit was one of the more secondary-unfriendly firms, if memory serves correctly, if you didn’t have Board or senior management connections.
- fragmede 3y agoit's a non-recourse loan though, so if Reddit didn't IPO and you can't pay, you don't owe money you don't have.