The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Borden: Remynt will reach a $1B valuation and IPO
“And I am hundred percent confident That we are going to crush it and be a billion dollar company and be the third publicly traded debt buyer collector. I have no doubt in my mind.”
Gwyneth Borden: Remynt acquires debt portfolios for two cents on the dollar
“Yes, we actually are about to buy our first 1.2 million dollars of debt at the big whopping price of two cents on the dollar.”
Borden: Remynt Anticipates a 10X Return by Recovering 30% of Purchased Debt
“We are currently looking to close our one million dollar round at the end of this month, so that we can spend up to 250,000 dollars on buying about ten million dollars of debt value, and we anticipate recovering about 30% of that, so that would be a 10 X retur…”
Remynt Replaces Debt Call Centers with Marketing Automation and $10 Repayments
“No, so you opt in immediately. So you choose up front. So we make it really easy for someone who really does want to start handling this obligation. And what we do is we don't offer any preset repayment plans. We leverage marketing automation tactics, no call …”
Conwell: Credit-rebuilding debt collection programs will generate customer brand loyalty
“And so I can imagine if I'm working with a program that helps me build my credit, there's gonna be some brand loyalties.”
Taft: Passing on Remynt until initial debt collection milestone is proven
“Where I stand and where we stand as a fund is it would go a long way for us if you were past that first milestone because that's the furthest you can get on your own to prove that this business will work. And now you're at the obstacle where you need the money…”
The Pitch Fund commits $50K to Remynt
“And Gwyneth, the Pitch Fund would also like to invest. If you can hold 50 K for us, that'd be awesome.”
Conwell: Passing on Remynt Due to Unresolved Customer Acquisition Concerns
“I'm really interested. I can't get over that hump just yet.”
Yin: Hustle Fund passes on Remynt over capital intensity and thin margins
“So, this is going to take a lot of capital. The margins are going to be thin, and I think for us and our small fund, it's probably not the best fit, but I really am rooting for you and hope that you knock this out of the park.”
Borden: Payment Processors Dropped Remynt Due to Debt Collection Industry Risk
“Our payment processor dropping us because it turns out debt collection is treated like cannabis and gambling and those kinds of controversial industries, and so there are a lot of payment processors that won't work with us”