I didn't realize Stripe had branched out into usurious lending (I clock this at about an 11% annual interest rate based on the repayment period)pic.twitter.com/2vXFs8lxT9
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So the somewhat oblique point of my rant is that these capital constraints for small and medium sized businesses are a disaster for tech, in that the difficulty of running a small going concern, and the ease of getting large investment for moon shots, has killed innovation
Agree! But doesn’t that argue for more rather than fewer capital products like this?
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