The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
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…”
Orloff: Managing hundreds of millions as a VC is an easy job
“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.”
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…”
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.”
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.”
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.”
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.”
Orloff: Venture capitalists are either deal-flow selectors or hypothesis-driven
“And one of the parts of venture capital I think there's sort of two types of venture capitalists. There's one that just has all their deal flow and they get to pick and choose their deals. And there's others that have to be more hypothesis driven.”
Orloff: Raising capital without traction allows founders to sell pure vision
“It's both sides. It's harder because you have no traction, but it's easier because you have no traction. You get to sell the vision of what you're trying to accomplish.”
Orloff: US underbanked sector expands as shrinking middle class lacks financial bridges
“The United States is a very divided market between the banked, which is and the unbanked and then the sort of payday title pawn markets and there isn't this bridge between the worlds. That's a big and growing market given the shrinking middle class in the Unit…”
Orloff: LendUp maintained double-digit monthly customer growth for four years
“But we've had double digit month on month customer growth for four years now.”