Al Goldstein: The real estate business was a lot more competitive and a lot more difficult. What we saw was a huge opportunity in providing credit alternatives to near-prime or mid-prime borrowers. Half of the credit spectrum are all customers making about $50,000 to $60,000 a year and with credit scores between 600 and 700.
Rick Wilson: On one hand, you have this free-wheeling, open source world where as long as someone knows what they’re doing, they can literally do anything. On the other hand, you have what I call apple-ification where all of the hard choices have been made for you. There’s some brilliance to that for sure. The
Entrepreneurs are invited to the 237th FREE online 1M/1M roundtable mentoring session on Thursday, November 6, 2014, at 8 a.m. PST/11 a.m. EST/9:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any
Sramana Mitra: How did you do it? How did you launch? What did you do specifically? Samy Liechti: We knew that marketing will be very hard. We knew that a subscription business will only work if people like the quality of goods they receive. We knew that we wanted to build a brand, and we
During today’s roundtable, we had three pitches, and all three have generated some revenue already. Care + Wear First up, Chat Razdan, from New York, pitched Care + Wear, an arm band for patients going through intravenous therapy that keeps the tubes concealed, while holding them in place. Chat is currently running an Indiegogo campaign,
Consumer Credit is a $10 trillion dollar industry that Al and his team are trying to turn on its head. Aided by Big Data and machine learning, they are creating a direct to consumer lending model that may have far reaching impact on the financial services industry. Sramana Mitra: Let’s start at the beginning of
Sramana Mitra: In 2007, what was the landscape in the e-commerce shopping cart or the e-commerce platform world? What was going on around you? What was the competitive landscape? Whom did you compete with directly and indirectly? Rick Wilson: Yahoo stores was still a popular platform. I wouldn’t say that it had momentum, but it
Today’s 236th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, October 30, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.