Sometimes Your Collateral is Source Code, which is Actually Nothing
We are well out of the .com bubble, but tech companies still form and fail. For the lenders brave enough to lend to the tech companies developing software, the collateral is often the source code which is the nuts and bolts of an application or “app”. While the source code is actually a written text written in some development code, it exists in the abstract and it thus an intangible in that sense. However, unlike…