Noah Breslow

CEO, OnDeck · 2 appearances on the record.

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Noah Breslow is the CEO of OnDeck, a fintech startup focused on small business financing. He presented at Data Driven NYC regarding OnDeck's growth and plans to go public.

13statements → 10claims → 4claims resolved → 50%fully supported → 4/5average certainty → 1.38/5average debate potential → 1said about them ↓

2 supported 1 partly supported 1 contradicted 6 not checkable as stated how the 10 claims stand · each chip opens the sources

1 prediction · 9 assertions · 2 insights · 1 disclosure · every statement was checked. The prediction and assertions are the 10 claims: statements the public record can support or contradict. 4 are resolved, and 6 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Noah argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

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)

Their most notable contradicted claim

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)

How they sound: speaking style how? →

276 words/min while actually speaking · 41 um and uh per 1k words

No argument clarity score for Noah Breslow: no usable question→answer exchanges on raw tape (a fair score needs 8+). We do not score a sample that small. Roundtable and news formats yield far fewer direct exchanges than interviews.

Measured by listening to the audio itself: 3,242 words across 2 episodes of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

Everything Noah Breslow said on the MAD Podcast that made the record, most notable first. Filter by type, assessment or year in the ledger →

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)
Insight
Breslow: Electronic data enables fundamentally faster, novel credit decisions
“By collecting electronic data on small business, you could really make a different kind of loan decision in a much faster time frame.”
Noah Breslow May 29, 2014 ▶ 4:10 Panel Discussion // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
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)
Assertion Not checkable as stated
Breslow: US small business loan demand is roughly $250 billion
“When you look at these smaller loans and what the demand looks like in this country it's about a quarter trillion dollars of demand that exists out there for small business loans.”
Noah Breslow May 28, 2014 ▶ 1:57 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
Insight
Breslow: Social media data is too noisy for assessing creditworthiness
“Social data, and Abra said this to me many moons ago is, is very, very noisy.”
Noah Breslow May 28, 2014 ▶ 9:05 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
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)
Assertion Partly supported
Oliver Wyman study: Bank loans under $100K are almost unprofitable
“Oliver Wyman did a study where they looked at loans to small businesses underneath a 100,000 dollars, and they found that the traditional banking process, which can take about 30 days on average is almost unprofitable, ah, for the bank, ah, in most cases.”
Noah Breslow May 28, 2014 ▶ 1:35 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
Assertion Supported
Breslow: US small-dollar business loans fell after the 2008 recession
“The number of small dollar loans to small businesses that has actually fallen since the Great Recession back in 2008, 2009.”
Noah Breslow May 28, 2014 ▶ 2:42 Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)
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)
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)
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)
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)
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)

The other half of the tape: Noah Breslow's own voice is left out of every number here. Other people bring the name up 1 time in 1 episode on the MAD Podcast. every mention, with the transcript →

Who brings them up most James Gutierrez 1

Every mention by year

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Appearances (2)

EpisodeDateSpeaking time
Panel Discussion // Data Driven #27 // May 2014 (Hosted by FirstMark Capital) May 29, 2014 1m
Noah Breslow & Abhra Mitra, onDeck // Data Driven #27 // May 2014 (Hosted by FirstMark Cap May 28, 2014 11m
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