my thoughts on usury: if you don't want to take out a loan, don't get one
-
-
capital is a discovery/search process let us posit the existence of a possible systemic failure to capture certain kinds of opportunities is there reason to believe we are aware of a system that would have fewer such failure modes or that they would be less severe?
-
I'm thinking of the difference in interest rate and repayment structure between consumer credit card debt and small business loans from a local retail bank branch. credit cards constrained by too high interest. small business loans constrained by too selective acceptance.
-
small business loans are not an investment vehicle further, regulation has generally strongly discouraged banks from mingling retail banking / loans with investment grade opportunities. They're formally structured differently because of economic realities in addition to regs.
-
I mean this with no disrespect, but have you done a startup? Is this an area you have much experience with?
-
have worked at early stage startups before and gone pretty deep on financials of companies of that class. also spent a modest amount of time adjacent to the finance industry via internships at investment bank.
-
and if it counts, was a "co-founder" at a brick and mortar comic book store one time in the sense that I was working as a combined store clerk + accountant and assisted the owner with some financial organizing
-
Okay, can you lay out the pre-loan financials, tell me what they wanted the loan/investment for, how it would be spent, and what impact that was anticipated to have on revenue?
-
in which example? we talking any of the ones i've actually had experience with or a hypothetical? i'm not really sure what you're asking me besides interrogating me to figure out if you can dismiss me or not. if that's the case it would be easier if you just said so
- 5 more replies
New conversation -
-
-
false positives are the bigger problem of course, the lender won't stay solvent if they make too many bad bets, so an institutional bias towards false negatives has a purpose. still, sucks to be pattern matched the wrong way.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.