you're going to borrow some money from Chase or Mr.Swenson

你打算去想大通银行或者斯温森去贷款
to set up this fund,

来获得启动资金
why might you worry about having everything

你为什么不想在之前就在合同里
written out contractually ahead of time?

把所有的细节问题都写清楚呢
I mean then it restricts your freedom on what your ideas are, I guess.

我觉得这样就限制了你的思维
Right, so one problem is just sheer lack of flexibility.

好的首先它缺乏灵活性
If, in fact, the entrepreneur is not going to be flexible on

事实上如果企业家在进行项目时
how they actually run the project,

缺乏灵活性的话
there's not much point of being an entrepreneur in the first place.

那首先也就不能称得上是企业家了
There's a limit to how much control you want to give to the lender.

你给借款人留多大的自由度是有限制的
The lenders don't really want to run the project for you.

借款人并不是为你来运营这个项目的
There's also a severe problem of timing.

这里还涉及到了时间成本的问题