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> because default rates would so much lower than average that they could give awesome rates. That assumption should be questioned. First off, most if not all
by olefoo 18y ago
> because default rates would so much lower than average that they could give awesome rates.
That assumption should be questioned.
First off, most if not all new ventures lose money.
Second, if you are giving away free money you will attract scam artists.
Third, do normal banks consider engineers to be a better credit risk than say lawyers?
- nazgulnarsil 18y agoI envision a YC like diligence process. More intensive than normal loans. But people do it for the low rates.