Ben Gilbert: evaluation

Transcript context

…This is a Rubicon crossing move. Right. It's interesting. In some ways, there are actually two ways where I don't think it's that big of a deal. Let's start with the one that's more arguable. Getting sued by someone that you've signed a very heavy contract with. People talk about it like, wow, no one will ever do business with them again. That is a thing that's unique to startups and venture capital. There are lots of other agreements and lots of people who do business together where if you start doing ill will by the other party, there are lawsuits. I don't know why everyone made it out to be this big deal because Silicon Valley runs on trust, love, sunshines. If you raise a big debt pool and then you don't use the debt pool for the intended purpose, the LPs and the debt pool will sue you for that. You don't have to look very far. Look at venture capital's cousin, private equity. Nobody would bat an eye here.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.