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Mike Preuss
Mike's Note #3 Is Debt the New Black?
It seems like the Twittersphere is ablaze with the idea of debt entering the market as a financing vehicle.These ideas mainly pertain to SaaS. The tl;dr is that the last 15 years have paved the way to build and scale a SaaS company for next to nothing while recurring revenues arepredictable. If both of these things are true, isn't equity an incredibly expensive thing to give away?
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