OnDeck Capital

also referred to as: ondeck

includes OnDeck Score

11 statements across 3 episodes · 4 bullish · 0 bearish · 3 people on the record · first statement May 28, 2014 by Noah Breslow · said 27 times in 3 episodes since 2014 · across every show →

Mentions by year, the whole family

brought up most by Noah Breslow (19), Abhra Mitra (5), Matt Turck (1), Howard Katzenberg (1)

tap a year for its mentions
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every mention, scene by scene, with the transcript →

Everything said about OnDeck Capital, oldest first

May 28, 2014
Assertion Not checkable as stated
Breslow estimates $100B in unmet US small business loan demand
“We think there's another hundred billion or so of unmet demand in this country.”
Noah Breslow May 28, 2014 ▶ 2:11 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014
Assertion Contradicted
Breslow: Small business online banking adoption rose from 60% to 95%
“Even when we started OnDeck, only 60% of small business owners used online banking. Today that number's 95%.”
Noah Breslow May 28, 2014 ▶ 6:27 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014 positive
Disclosure
Breslow: OnDeck aims to create the FICO score for small businesses
“And just like the FICO score describes an individual borrower, we're looking to make the on-deck score the language that describes the credit worthiness of a main street business trying to borrow money.”
Noah Breslow May 28, 2014 ▶ 8:09 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014
Disclosure
Mitra: OnDeck uses two to three human reviewers per loan application
“The second is loan applications. So there it, you know, it's typically two to three people so in the, in, in the case of, for example, industry prediction we would predict an industry, but we're not gonna automatically classify a loan applicant right off the b…”
Abhra Mitra May 28, 2014 ▶ 20:48 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014 neutral
Assertion Not checkable as stated
Breslow: OnDeck's typical customers average 10 years in business and $1M revenue
“We really thought that our customer would be a very, very new business that wasn't picked up by the traditional banking system. We've been sort of surprised to see that actually it's much more established business owners are using our product. 10 years in busi…”
Noah Breslow May 28, 2014 ▶ 9:28 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014 neutral
Assertion Not checkable as stated
OnDeck tracks eight million US small businesses from creation to closure
“Essentially, there's about eight million businesses that we're focused on in this country, and we have a database that's tracking all of them from birth Through death.”
Noah Breslow May 28, 2014 ▶ 4:55 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014 positive
Assertion Supported
OnDeck has loaned over $1 billion to US small businesses
“We've loaned over a billion dollars to small businesses all across America.”
Noah Breslow May 28, 2014 ▶ 0:18 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014
Assertion Not checkable as stated
Breslow: Restaurants are historically OnDeck's top lending vertical in most states
“Restaurants have been our number one vertical in most states forever.”
Noah Breslow May 28, 2014 ▶ 18:34 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 28, 2014 positive
Assertion Not checkable as stated
Mitra: OnDeck increased applicant scoring coverage from 60% to over 95%
“When we started, we could only score about 60% of our applicants. Now we can score more than 95%.”
Abhra Mitra May 28, 2014 ▶ 11:03 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
May 29, 2014 bullish
Prediction Not checkable as stated
Breslow: OnDeck cost structure will remain fixed despite rising interest rates
“We think our overall cost structure will stay relatively fixed even in a rising rate environment.”
Noah Breslow May 29, 2014 ▶ 16:31 Panel Discussion // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
Nov 29, 2023
Assertion Not checkable as stated
Katzenberg: Manual vendor spend audits consistently yielded about 10% savings
“Inevitably, we'd find errors, we'd find consolidation opportunities, we'd play bad guy negotiations, but we'd find about 10% of savings opportunities each time we conducted this exercise.”
Howard Katzenberg Nov 29, 2023 ▶ 2:12 How Glean AI Slashes Vendor Costs: CEO Howard Katzenberg on AI Accounting
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