Sasha Orloff, co-founder and CEO of LendUp, reflects on leaving his former role as an investor at Citi Ventures to become a founder.
0:00 / 0:13exact quote · 13.1s
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“Having a pretty cushy job where you're paid pretty well to listen to exciting, inspiring people come pitch you on ideas, and you're managing hundreds of millions of dollars. In our case, that's, it's a pretty easy job.”
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More from Sasha Orloff
Insight
Orloff: Failed founders learn more than employees at successful startups
“But I think, and I see now as a CEO of a fast growing company that I like entrepreneurs, even if they failed, because you learn so much through the failing process even more so than I think just being a contributor towards the success of Or just another compan…”
Sasha OrloffJun 17, 2016▶ 4:0120VC: Raising $150m, Meeting Yuri Milner & Revolutionising Mobile Finance with Sasha Orloff @ LendUp
AssertionNot checkable as stated
Orloff: Traditional banks cannot adapt to mobile and regulatory shifts in consumer behavior
“Sort of over the course of the 18 months at City Ventures, I was building more and more conviction about this idea that between mobile and regulatory and software changes that banks were not going to be able to adapt to the changing consumer behavior and chang…”
Sasha OrloffJun 17, 2016▶ 5:5920VC: Raising $150m, Meeting Yuri Milner & Revolutionising Mobile Finance with Sasha Orloff @ LendUp
AssertionNot checkable as stated
Orloff: Traditional banks in the US and globally outsource their software
“Banks in the United States, and I'm, I think all over the world, outsource their software.”
Sasha OrloffJun 17, 2016▶ 14:5820VC: Raising $150m, Meeting Yuri Milner & Revolutionising Mobile Finance with Sasha Orloff @ LendUp
AssertionSupported
Orloff: LendUp is the only US lender disbursing funds in 3.5 minutes
“We're the only lender in the United States where within three and a half minutes of not knowing anything about you right from your mobile phone, we can underwrite you, make a decision, and put money in your bank account.”
Sasha OrloffJun 17, 2016▶ 16:2920VC: Raising $150m, Meeting Yuri Milner & Revolutionising Mobile Finance with Sasha Orloff @ LendUp
AssertionContradicted
Orloff: LendUp built the only direct Visa and MasterCard mobile integration
“We rebuilt the entire experience for credit card, and we're the only direct connection to Visa and MasterCard directly to your mobile phone.”
Sasha OrloffJun 17, 2016▶ 16:5820VC: Raising $150m, Meeting Yuri Milner & Revolutionising Mobile Finance with Sasha Orloff @ LendUp
Opinion
Orloff: Traditional banks are the future of finance, not fintech replacements
“So, we're a firm believer that banks are the future, and we can help them.”
Sasha OrloffJun 17, 2016▶ 18:5620VC: Raising $150m, Meeting Yuri Milner & Revolutionising Mobile Finance with Sasha Orloff @ LendUp
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