[rurban]

> VCs in China now spend most of their time suing the startups they invested in to get their money back.

> Founders are also now required to be personally liable for their company’s loans.

> Hard to imagine why anyone would start a company under these conditions.

Whow. They introduced accountability! That would be incredibly harmful to all the crooks out there.

Well done

[RestlessMind]

> Founders are also now required to be personally liable for their company’s loans.

"Limited Liability" coupled with Venture capital, which was willing to take risky bets, was one of the greatest innovations unshackling a lot of entrepreneurship.

> Whow. They introduced accountability! That would be incredibly harmful to all the crooks out there.

Be careful what you wish for. Founders being personally liable essentially means you are going to get only a fraction of startup activity.

[rurban]

> Be careful what you wish for. Founders being personally liable essentially means you are going to get only a fraction of startup activity.

Exactly. Limited liability is a big worry. Crooks everywhere