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Venture Debt: should your startup take it on? + Mi Terro's Robert Luo | E1593
This Week in Startups
Do You Have a CFO?
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1900 US start ups borrowed an estimated 22.4 billion dollars through September 9th 29th according to Pitch book and then not only are they taking a short term 20 billion 22 billion. If you're not really good at accounting and projections and have a very tight business model and a path to profitably do not go near this please to dangerous for you. And we have the four million in case things go wrong of course when things go wrong sometimes this venture tickets called because the market has collapsed so banks can do all kinds of crazy things but. Man if you start you should not use this to cover burn is my basic rule of thumb, that's why I'm here.
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