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BoA denied my mortgage because I own equity in a venture-backed startup
- GFK_of_xmaspast 12y agoDoing business with Bank of America is it's own punishment.
- dragonwriter 12y agoA basic flaw in the complaint is that that there are, in fact, a number of situations in which an equity holder in C-corp might be on the hook for liabilities incurred by the corporation. Its somewhat worrying that someone who has been involved in multiple startups is unaware of this (and that they are unaware of it increases the likelihood that they might engage in conduct which would realize this risk.) BofA may be overweighing the associated risk when denying the mortgage, but it is certainly non-zero.