Jack Zhang: “I'm taking on $70 million in debt to buy my own stock”
@airwallex CEO @awxjack is asked on the 20VC podcast about his conviction in the $8 billion fintech he built. His answer:
“I'm actually in the process of taking a debt of $70 million to buy Airwallex stock because I just have so much confidence in the company. My co-founders are doing the same. We're literally buying our own stock.”
Host @HarryStebbings was stunned:
“You're buying from early investors? Can I join?”
Jack continues:
“Of course you can. I thought that was a joke, but yes...of course you can.”