Be careful, and make sure that you can pay the loan even if you quit your job. In most cases, any outstanding loan balance that you do not pay within 60 days is considered a withdrawal and is taxed and, possibly, a 10% fine if you are younger than 59½. Simple truth is that you’re so excited by your idea, but the emotions of that excitement have a good way of taking an objective perspective on it.
This Week in European Tech: Builder.ai nabs $250 million, Onfido … – Tech.eu
This Week in European Tech: Builder.ai nabs $250 million, Onfido ….
Posted: Fri, 26 May 2023 14:45:10 GMT [source]
SAFE notes are dangerous for unsophisticated founders who don’t understand how they work and continue to raise carelessly. At this stage, the valuation of the company can be all over the place. It is not uncommon to see pre-seed …