3 ms·
Funding for co-ops is usually a sore spot for sure, and like you pointed out, they're a hardware startup, which often require more funding than most. That said
by jszymborski 1y ago
Funding for co-ops is usually a sore spot for sure, and like you pointed out, they're a hardware startup, which often require more funding than most.
That said, I wonder how far traditional bank loans + loans for the founders themselves could have gotten them.
Clearly not as straightforward as just keeping it a private corp and trading funding for equity.
- steveklabnik 1y ago> I wonder how far traditional bank loans + loans for the founders themselves could have gotten them. There's a reason startups generally don't get traditional bank loans: they're far too risky of a loan for the bank to be interested!
- sunshowers 1y agoWithout going into specifics, both debt and equity financing have their place.