I hate a me-too comment just as much as everyone else, but people need to read this before getting tricked (perhaps not on purpose, but by not noticing it's a loan they're getting into). I know these guys want to help as many companies as they can (actually, i hope that's the reason), but 6% for a loan sounds like a bad deal unless the mentorship/advice/connections they're getting it are extremely valuable.
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20k loan for 6% and the founder has no software experience?
Doesn't sound that appealing to be honest.
I hate a me-too comment just as much as everyone else, but people need to read this before getting tricked (perhaps not on purpose, but by not noticing it's a loan they're getting into). I know these guys want to help as many companies as they can (actually, i hope that's the reason), but 6% for a loan sounds like a bad deal unless the mentorship/advice/connections they're getting it are extremely valuable.