I don't think a factor in the US would ever take the receivable from a typical YC startup...ie no history, no credit, and suddenly a $50K PO...possibly from a unicorn company with little/no operating history, profit, or cash. Maybe you could get $.10 on the $1...
I can only assume that they are looking for some sort of automated turk that would call and call and call until the check is cut. Like a nag bot.
And/or, instead of high factor costs, my guess is they want this <1% of the receivable amount.
I can only assume that they are looking for some sort of automated turk that would call and call and call until the check is cut. Like a nag bot.
And/or, instead of high factor costs, my guess is they want this <1% of the receivable amount.