Alternate title: CEO personally guarantees company financing
"The CEO believes in his struggling company, although it theoretically means he could have an excuse to sell a bunch of Better.com shares or personally declare bankruptcy, this CEO has 5x as much cash and is probably swimming in less debt than most of the middle class."
I in no way meant the title to be misleading…I included the specific company (Better) because they’ve been in the news recently for multiple rounds of layoffs.
Likewise, this is one of the few times I’ve seen a founder personally guarantee such a big loan for their startup, and it’s more notable considering Better’s business (and valuation) seems to be in shambles.
"I did personally guarantee three quarters of a billion dollars and I’m personally liable for it."
And it is how the title of the article expresses it:
"Better.com CEO Vishal Garg says he is ‘personally liable’ for $750M SoftBank loan"
You can look at all the other comments to see how the word choice alone sways people
Whereas “personally guarantees” is used in the context of “I meant to do this to provide confidence”
i read this in Archer's voice