People can't get mortgages; I am skeptical that college dropouts could literally take out billions to create a shipping startup which is already a crowded space, without offering a significant value add, with no collateral or experience.

Mortgages and equity funding aren’t really comparable since the terms of the instruments and risk tolerance of the investors is very different.

Just because someone can’t qualify for a mortgage doesn’t mean they can’t raise funds for a business.

I just can't believe any financial institution would underwrite a large business plan with no collateral but would not underwrite a mortgage for the same person when they could repo the house/property if the mortgage failed.

I have no problem personally getting a mortgage, but even with a fantastic business plan I wouldn't give myself $10M for a shipping startup.

Am I totally out of touch?