categories
HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 6)
Sramana Mitra: Chronologically, where are we? What year is this? Jason Hogg: We’re midway through 2007. I’ve done my raise in 2006. In 2007, we had gotten the customer base that I was just describing to you both on the credit card and the peer-to-peer side. We completed a $50 million B round at that
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 4)
Jason Robbins: Eventually, I took a little bit of what I knew from the promotional products business and a little bit of what I knew from catalogs and the website I wanted to build, and I started ePromos.com. That was a business that was designed to create a website with merchandise and start finding the
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 3)
Sramana Mitra: Why did you want to do that? That made no sense to me. Jason Robbins: I know. I just felt that it was tough out there. Real estate is the long-term play. Now, I’m basically chasing a stock I sold. If I stayed at Goldman Sachs and didn’t bother about getting my MBA and
Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 5)
Sramana Mitra: What does that mean? Are we talking about a regular credit card issued that’s your card? Jason Hogg: It was a Revolution card. We had our own brand and our own network. When you walk into a CVS and you see a MasterCard, Visa, and AmEx sticker in the window, you would also
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 2)
Jason Robbins: Frankly, I didn’t like my job. It was very clerical. I wanted to do more higher-end things that required me to think. More than one time, I was told, “You’re paid to do and not think.” I really wanted to improve my job and improve the organization. When they’re making $20 million a
Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 4)
Sramana Mitra: What year did you do the $10 million first round financing? Jason Hogg: It was a year later. We did the $10 million financing in May of 2006. I had this idea in my head when I made that connection that I told you about all the way back in 2001. It was
Innovating in Fintech: Jason Hogg, CEO of Lending.com (Part 3)
Sramana Mitra: At that point, what did you tell them? What were you going to deliver for them? Jason Hogg: I was going to build them the first non-proprietary credit card network in America that would simultaneously have peer-to-peer transfer capability which only PayPal had at that time. I could build a proof of concept to
Buying Control Back from VCs: Jason Robbins, CEO of ePromos (Part 1)
Jason raised both angel round and a VC round early on, but eventually, the company turned out to be a good, solid, profitable business, but not the kind of rocket VCs like to fund. Read how he negotiated with them to gain control of the venture. Sramana Mitra: Let’s start at the very beginning of
