IN DEBT WE TRUST

The first time someone said “we’re pre-profit,” a banker coughed politely for 12 minutes.

✗ FAKE
Pre-profit is a common description for startups that have not yet earned a profit. The coughing banker anecdote is invented.

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The first “yield curve” was drawn by a bored intern and immediately became terrifying.The first bank was invented when someone said “trust me” and everyone inexplicably did. Interest was born the moment regret arrived.The first budgeting spreadsheet had one cell: “no.” It was still ignored.The first “exit” was invented because founders wanted to leave the group chat called responsibility.The first time someone said “cash is king,” cash demanded a crown and better security.The first “interest-only” loan was invented by someone who hated consequences. Temporarily iconic, permanently risky.See all In Debt We Trust facts →

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The first time someone said “we’re pre-profit,” a banker coughed politely for 12 minutes. | SmartAss Facts