Borrowing against the value of securities you own, with the securities themselves as collateral. William Hockey's signature move: after the Visa-Plaid deal collapsed, he used margin debt against his Plaid stock to raise cash, used that cash to buy a small chartered US bank, and rebuilt it into Column. A textbook case of turning illiquid paper wealth into real optionality without selling and without raising.
Margin Lending
Connected (8)
- Banking Charter Linked from · References
- Column Linked both ways · References
- How to bet on yourself (without venture capital) Linked from · Learning
- Plaid Links to · References
- Self-Funding Linked from · References
- Skin in the Game Linked from · References
- Visa-Plaid deal Linked both ways · References
- William Hockey Linked both ways · Learning