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SBF gets arrested, The Block’s CEO gets a bag from FTX, + Walmart launches a BNPL service | E1636
This Week in Startups
Don't Live With Venture Debt
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Amazon has an internal buy now pay later service called Amazon monthly payments where users typically pay 20% upfront of the full order price along with any additional fees and then can pay it off in monthly installments. Banks started giving two to five million dollars in venture debt to unprofitable early stage startups. Debt is a fricking ticking time bomb. Don't live with debt. It makes everything harder.
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highlights
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