The other part is that it's a revolver, not a bond.You only pay what you use. It...

		mamonster 32 days ago \| parent \| context \| favorite \| on: J.P. Morgan's OpenAI loan is strange The other part is that it's a revolver, not a bond.You only pay what you use. It's not uncommon in VC. If you need to buy stuff now but your next round is in 2 months the revolver saves your ass. And once you raise you pay it back.