Opinion certainty 4/5 debate potential 2/5

Porat: Dun & Bradstreet lacks quality data on small businesses

Sean Porat · EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat · Nov 6, 2016 · at 5:58

Scorely CEO Shawn Porat argues why legacy credit bureaus fail to adequately serve small businesses.

0:00 / 0:08exact quote · 8.3s
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“Dunbar actually does an awesome job at public companies and large private companies, but when you get down to the small business level, you know, they just don't have that great information.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Sean Porat

Assertion Not checkable as stated
Porat: Dun & Bradstreet vastly misreported my previous company's data
“For that company, we checked our credit report and it said that our credit score was like 25 out of a hundred. Undone. Yeah, undone. It had it had our address from six years ago. It said that we spend 50 dollars a month on expenses. Meanwhile, we're spending a…”
Sean Porat Nov 6, 2016 ▶ 6:16 EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat
Assertion Not publicly verifiable
Porat: Westchester County has $8B in uncollected judgments
“And there's about eight billion dollars in uncollected judgments just in Westchester.”
Sean Porat Nov 6, 2016 ▶ 12:13 EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat
Assertion Partly supported
Porat: Four out of five court judgments go completely uncollected
“So most people think that, Hey, I went to court. I got a 5000 dollar judgment. That's it. I'm going to get paid on this debtor, but four out of five times, you don't see a penny.”
Sean Porat Nov 6, 2016 ▶ 12:25 EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat
Assertion Supported
Porat: Dun & Bradstreet charges $120 to $200 per credit report
“Take for example, Dun & Bradstreet charge anywhere between about, I think, a 120 to 200 bucks a report, depending on what you're getting.”
Sean Porat Nov 6, 2016 ▶ 5:21 EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat
Assertion Supported
Porat: Alternative loan commissions run 2-5% vs under 1% for traditional banks
“For the more traditional lenders, the commission is much lower. Usually it's a half a percent or less or one percent. For the alternative lenders, it's usually closer to two to five percent.”
Sean Porat Nov 6, 2016 ▶ 10:22 EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat
Disclosure
Porat: Scorely raised $250,000 in pre-seed angel SAFE round
“So we've raised 250,000 dollars in sort of a pre-seed angel round.”
Sean Porat Nov 6, 2016 ▶ 13:48 EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat
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