If you’re ever depressed about building useless software just remember - leveraged buyouts are a thing. You could buy your company for nothing by just putting massive debt in the company account and actually manage it right.
Well, in theory, in actuality this piece of accounting bullshit is reserved for vulture capitalists that will destroy the value of the company and asshats (see: Elon Musk) that will destroy the value of the company.
Well unless you somehow able to liquidate more money than the debt, the lender is the fool. The original founder practically got an exit that all startups wanted, you get the cheated money, but the lender gets nothing. You have to be able to fool someone into this position first.
Oh certainly. I’m sure Elon Musk is totally going to pay that loan back. It’s impossible that he bought out Twitter just to be able to ban people who pointed out how much of an asshat he is. Also, Trump somehow keeps getting loans and he’s loses more money every month than most of us make in a decade - that’s the sort of savvy businessman you can trust.
If you’re ever depressed about building useless software just remember - leveraged buyouts are a thing. You could buy your company for nothing by just putting massive debt in the company account and actually manage it right.
Well, in theory, in actuality this piece of accounting bullshit is reserved for vulture capitalists that will destroy the value of the company and asshats (see: Elon Musk) that will destroy the value of the company.
Capitalism destroys everything that we build!
Well unless you somehow able to liquidate more money than the debt, the lender is the fool. The original founder practically got an exit that all startups wanted, you get the cheated money, but the lender gets nothing. You have to be able to fool someone into this position first.
Oh certainly. I’m sure Elon Musk is totally going to pay that loan back. It’s impossible that he bought out Twitter just to be able to ban people who pointed out how much of an asshat he is. Also, Trump somehow keeps getting loans and he’s loses more money every month than most of us make in a decade - that’s the sort of savvy businessman you can trust.