A guide to important terms in a debt term sheetRaising a debt facility is complex but important. Founders don’t have clarity on the process or the terms. I’ll share the common debt…Feb 16, 2021Feb 16, 2021
Analyzing Upstart’s S-1 filingUpstart Holdings, an online lender recently filed their S1. This is the first blog post that I have collaborated on. It was too good to…Nov 30, 20202Nov 30, 20202
Recasting incumbents in fintechSarah Tavel (Partner, Benchmark Capital) wrote a post on building multibillion-dollar startups. The core idea is to build a 10x product at…Nov 18, 2020Nov 18, 2020
The product expansion conundrum for fintech startupsAll companies struggle with one question — how to expand beyond the first product.Sep 30, 2020Sep 30, 2020
Analyzing Affirm’s $400M Asset SecuritizationAffirm, an online point of sale lender, completed its first securitization. Below, I’ll share what I’ve learned.Aug 24, 20202Aug 24, 20202
Access vs CostFintech startups have been slowly taking customers away from banks — one product at a time. These startups are also eating profitable…Aug 3, 2020Aug 3, 2020
Published inBuild the futureA framework for evaluating consumer credit startupsU.S. consumer credit businesses have exploded in the last decade. There are 500+ new startups serving consumers with products at different…Aug 27, 20191Aug 27, 20191
Published inBuild the futureHow much do VCs make(base salary)?Wealth is built by owning equity for the long term. VC industry is in the business of investing in this equity. But how much do they make?Mar 4, 2019Mar 4, 2019
Published inBuild the futureHard Work, Binary Risks and Persistence — the story of Stilt Inc.Stilt is a finetch company focused on improving access to credit for immigrants. These are the people who move from other countries and…Dec 13, 2018Dec 13, 2018
Published inBuild the futureFinancial inclusion — enabling credit for immigrants from 150+ countriesWe started Stilt ~3 years ago from our apartment in San Francisco. Both Priyank and I were on visas with full-time jobs while spending…Aug 20, 2018Aug 20, 2018
