Re:Europe's Software Problem
by pwthornton on Tuesday June 15, 2021 @11:50AM
(#27517231)
It's not a loan from a bank. It's an investment, and the nature of investments are that some fail.
It's pretty wild that founders would need to pay back this money. That would have a massive drag on any risk taking or innovation.
The entire point of venture capital and similar funding mechanisms is that in exchange for a potential massive return on investment, funders are willing to lose everything.
It's pretty wild that founders would need to pay back this money. That would have a massive drag on any risk taking or innovation.
The entire point of venture capital and similar funding mechanisms is that in exchange for a potential massive return on investment, funders are willing to lose everything.