Enduring Planet

“Our default rate across, you know, nearly 80 transactions is dramatically below the average default rate for contract lending, and at this point it's like way less than one percent.”

“Part of what allows us to have the default rate that we do is that people just don't give up. And so when stuff goes wrong, we modify alone, and they make it work.”

“We've also had circumstances where founders don't properly socialize the deal with their board, and so probably, like, half a dozen of deals in the last, I don't know, Year to year and a half. Failed. Even though we approved the deal, we signed a term sheet wi…”

“The notion that a financial instrument kills a company is false. Founders kill companies, and boards kill companies. The people who hold responsibility are the decision makers in the company.”

“In the early days, you know, you basically just have management fees to cover people, and the idea of, like, investing in software to make the process better is, you're not going to do that until you have much larger AUM, right?”

“And then we also, kind of, in anticipation of the Trump administration, we expanded to lending its commercial contracts as well”

“You know, you could go to a bank and raise fifty-plus million dollars, but getting anything less than 20 was, like, really, really hard. I mean, it's still really hard, but it was really hard back in twenty-twenty-one.”

“We don't take fundraising risk. Like, we just don't. So if a company is like, well, we're working on our seed round, we have interest, I'm like, yeah, great. Even if you have a signed term sheet, we don't care. Like, until the money is in the door, we don't co…”