Steven Uster
On 1 show, 1 appearance. The Shows tab opens the full record on each.
1shows
1appearances
14statements
0resolved
0supported
0contradicted
Everything Steven Uster said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Uster: Invoice funding is cheaper than early customer payment discounts
“It is cheaper than giving a discount to your customer to getting paid early.”
Uster: FundThrough operates with a 100% debt advance rate
“The beauty of a model that we have right now is that we have a hundred percent advance rate. So our cost of debt is actually our total cost of capital.”
FundThrough claims an LTV to CAC ratio of 7x to 9x
“What we'd say is our ratio of LTV to CAC has been quite strong. You know, somewhere in the range of seven to nine.”
FundThrough charges 1% to 2% monthly on invoice advances
“It's typically somewhere in the range of one to two percent a month or one and a half to two percent a month.”
Uster: Early invoice advances were financed at 15% interest or profit shares
“At the time, the debt, well, with no track record and no history I was paying 15%. And for, at some point it was 15%, and for others, it was just a sort of a profit, it was debt, but it was a profit share of what I made by advancing that.”
FundThrough averaged $15 million monthly in invoice advances in 2018
“So now we're last year in 2018, we were doing about fifteen million dollars a month. In advances.”
FundThrough has raised about $15 million in total equity
“So all in, we've raised about fifteen million dollars in equity you know, going from angel seed rounds or seed extension to a seared A and so, and that's been primarily through local Canadian VC firms and high net worth individuals sort of angels call it.”
FundThrough was valued at about $8 million post-money in 2015
“On that first round the post money valuation was about eight million dollars.”
Uster: FundThrough has lowered its cost of debt to single digits
“And now we're, we finally got it into single digits and you know, we have to keep, as you say, keep driving it down.”
FundThrough burns a couple hundred thousand dollars per month
“A couple of, a couple 100,000 dollars a month.”
FundThrough evaluates raising $18 million to $50 million in equity capital
“I mean, we're doing some, what if scenarios actually right now about what we would do with the capital. And it could be anywhere from 18 to 50, you know, depending on where we see that use of capital and the dilution that is associated with it.”
FundThrough client invoice volumes range from $500 to $10 million
“We have folks on our platform who have actually ten million dollars outstanding. That wouldn't be one invoice. That would be, you know, a lot of different invoices. On the low end, we actually have folks on our platform who have 500 dollars. And these are just…”
One line per show, most statements first. The link opens Steven's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 TOP FOUNDERSLEDGER | 1 | 14 | — | full record on Top Founders → |