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A comment on The Dark Side of Entrepreneurship. Parent comment

Re:The Dark Side of Entrepreneurship by pg on Thursday July 09, 2009 @01:04AM (#695256)
That sort of company would raise money by selling stock, not through debt. Until it was big enough that it could secure debt with something other than the founders' houses, anyway.
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Re:The Dark Side of Entrepreneurship by TriinT on Thursday July 09, 2009 @01:23AM (#695278)
What I meant to say was that a capital-intensive startup would need venture capital to take off, but in that case the VCs would own the company. The founders would not exactly go into debt.

You're totally right. Going into debt is something one should definitely avoid.

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Re:The Dark Side of Entrepreneurship by billswift on Thursday July 09, 2009 @06:02AM (#695542)
I liked the book excerpt linked on HN last week and am currently reading Felix Dennis's "How to Get Rich". He places accepting venture capital as substantially worse than debt.
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