4 ms·
You are very lucky. From the terms you laid out in your OP you are only owed $50k, seperate to your equity in the company. If I lend someone £5 I cannot then e
by thesmileyone 13y ago
You are very lucky. From the terms you laid out in your OP you are only owed $50k, seperate to your equity in the company.
If I lend someone £5 I cannot then expect someone to pay back £25. I expect £5.
If you are going to continue to invest in the future I really recommend you have signed documents with a contract, because not all business owners are as friendly as the guys you lent money to in the OP!