Kris | Crypto.com

@kris ↗

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Last Checked April 3, 2023

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Wed Dec 07 03:18:43 +0000 2022

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Kris | Crypto.com @kris

5) My company went through a forced liquidation in 2009, owing US$2.5m to the bank. As one of the co-founders, I was personally guaranteeing the debt, so they went after me. Turning 30 and being bankrupt was a painful experience that taught me lessons I carry with me to this day. — PolitiTweet.org

Posted Dec. 7, 2022

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Kris | Crypto.com @kris

4) Then the 2008 financial crisis hit. Our customers were offered credit lines through a banking instrument called factoring. When customers didn't pay, the bank went after the business. — PolitiTweet.org

Posted Dec. 7, 2022

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Kris | Crypto.com @kris

6) 1. Never borrow money or use financial leverage to drive growth. 2. Do not engage in business models where the more you sell the less cash you have. 3. Always be prepared for a financial crisis. It will affect you, sometimes in ways that are hard to predict. — PolitiTweet.org

Posted Dec. 7, 2022