This was incredibly well-written and an enjoyable story. Congratulations on pushing through and getting traction.
Something that resonated:
> We had to put 5 million JPY (~$45k at the time) in our business bank account and leave it there. For... some reason.
Living in Asia I've come across this bizarre government obsession with "money in the bank" when dealing with them:
"You need $15k in a bank account to apply"
"Ok well I have 20x that in an index ETF and it's been sitting there for a decade is that fine?"
"No you need to put that much in a bank account and leave it there for 6 months to qualify"
"What happens after the six months? I can simply take it out again?"
"Yes, that is acceptable"
[Confused Face]
No one seems to know why the rules exist, but everyone is certain there's a good reason for it.
Something that resonated:
> We had to put 5 million JPY (~$45k at the time) in our business bank account and leave it there. For... some reason.
Living in Asia I've come across this bizarre government obsession with "money in the bank" when dealing with them:
"You need $15k in a bank account to apply"
"Ok well I have 20x that in an index ETF and it's been sitting there for a decade is that fine?"
"No you need to put that much in a bank account and leave it there for 6 months to qualify"
"What happens after the six months? I can simply take it out again?"
"Yes, that is acceptable"
[Confused Face]
No one seems to know why the rules exist, but everyone is certain there's a good reason for it.