I agree in the sense of having an asset and paying it back but I was thinking of it in terms of budgeting and getting through the year (or however long)
For example, say you budget for a year of operation and assume you need $1.5 million and get funded at that. Then the value of the currency falls. This means your revenue falls and the value of your cash on hand falls. Suddenly you're out of money and its hard to go back for another round so soon after the first.
That's where I see the problem. If you can survive long enough to pay the debt back in full a down currency works for you but it could be the death of you.
For example, say you budget for a year of operation and assume you need $1.5 million and get funded at that. Then the value of the currency falls. This means your revenue falls and the value of your cash on hand falls. Suddenly you're out of money and its hard to go back for another round so soon after the first.
That's where I see the problem. If you can survive long enough to pay the debt back in full a down currency works for you but it could be the death of you.