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> This guy's entire life (He's a VC) is about pushing debt in the form of promissory notes and equity-debt onto companies in exchange for his own ownership The
by throw0101d 3y ago
> This guy's entire life (He's a VC) is about pushing debt in the form of promissory notes and equity-debt onto companies in exchange for his own ownership
There's a difference between business finance and personal finance. There's a difference between what needs to be done to start a business and what needs to be done to keep it going.
Apple started in a garage, but it is no longer run out of one. Apple started with loans and investors, Apple now has a large pile of cash (though also bonds that it needs to pay).
- yellow_lead 3y agoWell, the article specifically references Japanese businesses
- throw0101d 3y agoIn the introduction. He then has paragraphs such as: > Let’s say this represents volatility over your life. Not just market volatility, but life world and life volatility: recessions, wars, divorces, illness, moves, floods, changes of heart, etc. And further down: > I hope to be around for another 50 years. What are the odds that during those 50 years I will experience one or more of the following: Wars, recessions, terrorist attacks, pandemics, bad political decisions, family emergencies, unforeseen health crises, career transitions, wayward children, and other mishaps? Not sure how many businesses experience divorce, family emergencies, career transitions, wayward children.