Small business credit and receivables financing are going through enormous changes in the FinTech era. This interview delves into some complex issues. Fascinating discussion! Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Fundbox. We’ve had Fundbox before. Let’s do a quick recap. Eyal Shinar: I’m the Co-Founder and CEO
Rob was the CEO of Intacct, which Sage has acquired. Intacct is a leader in small business ERP. Read on to learn more about the trends in that space. Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Sage Intacct. Rob Reid: Sage Intacct is an ERP solution provider for
Sramana Mitra: You’ve been on all sides of the table for a long time. When an entrepreneur is trying to figure out whom to work with and let’s say they have the luxury. A lot of entrepreneurs do not have the luxury of choice. But once they’ve been able to figure a few things out, they actually
Sramana Mitra: At the same time, the cash is tight. How do you put one foot before the other? I saw that in your portfolio, there are some SaaS companies that are related to enterprise HR. What’s the thinking behind that? Warren Weiss: One is a company called SilkRoad Technology. It’s a mini-Workday for small
Sramana Mitra: I hear a theme in what you’ve described – creative ways of playing the gaps or issues in the financial services market. I want to ask you for your thoughts on the small business financing market. I know OnDeck, to some extent, plays in that market for a particular category of companies. Lending Club
Sramana Mitra: It sounds like one of the strategies your firm is following is analyzing a macro trend and making multiple bets on that industry. Warren Weiss: We’re trying to go deep in certain areas. We see this is a decade of the CMOs and so CMOs will spend more time to automate a business.
If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Warren Weiss was recorded in April 2017. Warren Weiss, General Partner at Foundation Capital, has a long track record in the Silicon Valley
Sramana Mitra: Your core business model is the origination fee business model? Sergio Furio: We call ourselves an originator of secure loans. That’s where our value add is. If you think about it, a collateralized loan is very complex to originate. If you can create a business that excels in processing the loans for home