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A comment on A Yale Graduate Leaves a Trail of Ventures and Debts.

Re:A Yale Graduate Leaves a Trail of Ventures and Debts by talsraviv on Thursday April 16, 2015 @10:34PM (#9391991)
Does anyone know how common it is to finance high-risk startup companies with the kinds of debt described above?

Risky ventures and investors losing money aren't news, but I'm trying to understand if this story is unique because of the type of financing.

EDIT: ...other than, of course, the dishonesty.

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Re:A Yale Graduate Leaves a Trail of Ventures and Debts by chatmasta on Thursday April 16, 2015 @11:31PM (#9392116)
The only reason I can see is predatory. They know if he signs his name he is personally liable so even if the venture blows up they can sue for his own money. And if the venture fails to pay the loan, but still builds value, the lender can take all his equity.
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