David Barrett, Founder and CEO of Expensify, has a terrific back and forth with me on a wide-ranging set of topics, including FinTech. Very, very interesting conversation.
Sramana Mitra: Tell me a bit about your first client that was in the model that you found to be a possible success model. Who was that client? What were the circumstances? What did you do for that client? How did you get to the product-market fit?
Sramana Mitra: You said that you lend up to $3 million, with the first loan being $400,000, what does the company need to have by way of proof points for you to start lending to that company? Joe Silver: We size our loans of a multiple of monthly recurring revenue so generally three to four
Entrepreneurs are invited to the 500th FREE online 1Mby1M Mentoring Roundtable on Thursday, September 10, 2020, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your
Sramana Mitra: Did you launch as a software company or as a marketplace? Diego Gomes: I launched it as a software company. The first year was very challenging. Although we were having a little bit of success in selling to customers, the problem was that they were buying a content marketing platform, but they weren’t