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Venture debt is problematic because it often lacks proper covenants and relies on future venture capital funding to support loan repayment.
“the standard for giving these and the size of them got lower and lower in fact the covenants went away and this is what we kept having 100 say to us it has no covenants they offered me no covenants”
The All-In Podcast · Mar 2023 · 1 episode · 451K views on this topicExtracted by a model; may misattribute who said what.