4 ms·
True but bankruptcy would be the step after failure. They want their money but doesn't mean they will get it back.
by flexxaeon 14y ago
True but bankruptcy would be the step after failure. They want their money but doesn't mean they will get it back.
- S4M 14y agoFor a tech company, common sense would require to make the founders liable to the debt, otherwise they can pay themselves a good salary -with the money borrowed to the bank - and then bankrupt the company. For this reason - as well as other reason people here already mentionned - the banks won't lend so much money to a young tech company.