Yes, pre-payment is debt - but it converts to revenue when you ship. Revenue = good thing for a seed stage company.https://twitter.com/bgurley/status/642858800697864193 …
Replying to @jsimpsonDC
@jsimpsonDC @pmarca @bgurley no - preorders are only considered debt if they are prepaid (payment collected before product ships)
8:26 PM - 12 Sep 2015
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