The global lending market is massive. In the U.S. alone, small businesses borrow over $600 billion annually and banks hold over $1.5 trillion in consumer loans. Yet despite market size, building a profitable, scalable lending startup is challenging because it requires running a capital markets business in addition to running one’s core business. Take LendingClub…
Category: Fintech
Why Life Insurance Should Look More Like a 401(k)
You Don’t Need It Until You Need It I am a genuine believer in the value of life insurance. It’s a product that, when priced fairly, is invaluable. In the case of someone close to me whose mother passed away during his youth, this product was the only reason his family was able to keep…
The Robo-Advisor Escape Velocity Conundrum
Escape Velocity for a Mass Affluent Wealthtech Startup The robo-advisory industry has massive market potential, which is measured in the trillions in assets under management (AUM) in the United States alone. However, few tech startups will make it to the threshold I refer to as “escape velocity,” that is, building a large, independent company with…