[reitzensteinm]

If Better can't itself afford to pay the loan back, bringing the personal guarantee into play, what value will the equity have?

Net worth is an abstraction that's generally useful to reason about outcomes, but it's a leaky abstraction.

[_fat_santa]

One would assume Softbank made sure that the debt was collateralized with something other than Better.com shares. I'm sure a good chunk of that 750M is collateralized with better.com shares but I'd be willing to bet they made him put some other stock/investments on the line.

[jmvoodoo]

If softbank believes in Better, but not necessarily in Garg, then having him personally guarantee the loan against his own shares is an easy way to push him out cleanly if things go south.