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A comment on Citing revenue declines, Airbnb cuts 25% of workforce. Parent comment

Re:Citing revenue declines, Airbnb cuts 25% of workforce by LunaSea on Wednesday May 06, 2020 @07:01AM (#23089639)
How do you get a big loan without collateral?

VCs might be interested in your app but not in a random bakery which is also a business of a type that is probably more common.

Also VCs take a share which makes them the owner as well but oh well.

[ Parent | on HN ]
Re:Citing revenue declines, Airbnb cuts 25% of workforce by manigandham on Wednesday May 06, 2020 @01:31PM (#23093852)
You don't. You start small and work you way up while offering whatever collateral you can until you get that big loan. Save up earnings and use a downpayment or buy insurance. That's how business growth works.

There are 10s of millions of business owners in America. Ask any of them how they did it.

[ Parent | on HN ]