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A comment on Launch HN: Level (YC S21) – Flexible financing for early-stage lending startups.

Re:Launch HN: Level (YC S21) – Flexible financing for early-... by bstrong on Tuesday August 24, 2021 @07:41PM (#28296407)
I generally try to be encouraging of people putting themselves out there to create something new, but I'm worried that you're creating a pretty serious moral hazard for the founders you're trying to help.

It's the kind of situation that can lead well-intentioned people to make bad decisions.

[ Parent | on HN ]
Re:Launch HN: Level (YC S21) – Flexible financing for early-... by vkorshin on Tuesday August 24, 2021 @07:48PM (#28296455)
This is simply a tool to help founders get access to non-dilutive growth options, since right now they have very few alternatives at the earliest stages. We start with a safe amount of leverage and increase it as loan performance becomes predictable.
[ Parent | on HN ]