Everything Jeff Goldenberg said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Goldenberg: Fintechs should optimize cost per offer, not cost per application
“I think an interesting point in the funnel to focus on is a cost per offer, how much it costs us to generate an offer to someone that we're able to do business with. Because if you measure it at the application level, it takes into account all those people who…”
Goldenberg: Peer-to-peer lending is not yet legal in Canada
“What is interesting in Canada that's different is that in Canada peer-to-peer lending is not legal yet.”
Goldenberg: US lending market is 7 to 8 years ahead of Canada
“Currently, like I said, the American market is probably seven or eight years ahead of the Canadian market.”
Goldenberg: Relaxing fintech underwriting for growth risks destroying the company
“We have a very difficult growth challenge because not only are we trying to grow fast month over month, and not only are we trying to reduce our CAC customer acquisition cost month over month, we also have this pesky algorithm that kicks away a lot of my leads…”
Goldenberg: Borrowell raised $5.4M seed round mixing debt and equity
“So we've raised at the end of last year, we raised 5.4 million. And Series A? It was actually it was actually sort of a seed on steroids. It included both the debt capital that we lend out and equity to build the business.”
Goldenberg: Equitable Bank invested in Canadian fintech Borrowell
“We have a small schedule a bank in Canada called equitable who's invested money in us as well.”
Goldenberg: Borrowell Nears $500M in Canadian Loan Applications
“We're closing in on, on half a billion dollars of loan applications in Canada.”
Goldenberg: Borrowell charges between 1% and 5% in origination fees
“We have origination fees between one and five percent.”
Goldenberg: Borrowell is raising under $20M in Series A equity
“Less than twenty million. In terms of equity capital, but a significant amount, especially for a Canadian raise the Canadian VC scene is vastly different than the American VC scene.”
Goldenberg: Borrowell runs marketing on 1-to-2 week cycles without advance buys
“We do our marketing on a one to two week basis. So we have a highly experimental marketing regime where we're always, you know, we're not buying three or six months in advance. We're studying all the metrics and finding out what converts the best and the corre…”
Top Founders 2