NFT Morning Show - Friday 3/10
The Daily Bone (Formerly The Nifty)
00:00
Capital Call Line of Credit Loans Are a Very Short Term and Very Low Risk
Spencer: Silicon Valley Bank's business model was, we're going to loan money to risky startups. And then we're also going to loanMoney to the VCs that are giving money to the same risky startup. He says capital call line of credit loans are a very short term and very low risk. Spencer: So what Silicon Valley Bank will say is, hey, we'll lend you the $25 million that you need. We trust Harvard and we trust your LPs here. But we know that you need to close this deal."
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