[hnnewguy]

>Founders shouldn't take on personal credit risk in order to do a startup.

Only in the Silicon Valley bubble, where everyone is all about "other people's money", would someone actually believe this. Back in the real world, entrepreneurship involves personal credit risk. You don't get anything for free.

[walshemj]

But not open-ended liability that's the point of a Joint Stock company you might ante up some capital but not so much as to bankrupt you.