To start a business with precious metal money, you need to have or to find an investor with enough precious metal to buy all the assets you need to start generating cash sales. To start a business with paper money, you need to find a bank willing to supply you with pieces of paper. Neither you nor the bank need have any net worth, although in practice banks tend to maintain net worth equal to a fraction of the loans they make. Even so, the amount of capital required to start the business with paper money lent by a bank is much less than the total value of the assets required. What is essential is that the bank’s lending standards are low enough to approve your loan, but high enough to make its paper money acceptable enough to acquire the assets you need.
To start a business with derivative money, you identify all assets you require and all products you will deliver in the future. Of course, there is uncertainty around these things, especially the amount and quality of products you will deliver. You don’t hav