My answer to Are there some businesses that don’t require a business plan (for example, collecting salvage from people’s houses)? quora.com/Are-there-some…

My answer to How can small business owners compete & win when they are up against national companies? quora.com/How-can-small-…

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and we shall not ✊

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New post in Future of Fintech: The rule of thumb in lending. - merchant’s revenue defines the loan volume - his / her credit defines the interest rate ift.tt/2LPe15N

Lender’s interest rate is the sum of: - cost of capital - cost of risk (risk of default) - cost of acquision (marketing cost) - cost of service (operational expenses) - Future of Fintech More here: ift.tt/3iHUEr3

It takes 14-60 days on average to close a bank term loan with an average term of 5 years. Shorter term “online” loans can be closed in as little as 24 hours, but terms rarely exceed 15 months. How could banks underwrite and fund loans faster yet make the… ift.tt/2Yhm4uu

These are 5 trends in lending (according to Forbes): 1. Banks will exit the battle for mortgages 2. Most of the innovation will happen in two of the biggest sources of stress for consumers: student loans and medical debt 3. We'll see the end of payday l… ift.tt/3cf9bcM

If you had to create a mathematical function of a successful loan sale - it would look like this: I want THE BEST POSSIBLE loan that FITS MY EXPECTATIONS FAST AND EASY. If one or two of those variables are missing - the loan will not happen. - Fut… ift.tt/39rbB6k

Can someone do a GameStop-like thing in MCA? - Future of Fintech More here: ift.tt/2MvNSsG

Re: GameStop, Robinhood and Chamath, I can tell you that that the narrative put by Chamath sounds fishy as hell. At first, I believed the whole GameStop thing, but not anymore. I know how things work on the backend side of Wall Street. The whole thing i… ift.tt/3j9W9Pj

IMO this Reddit, GameStop, Robinhood story exposed something extremely interesting. Besides the ugly personal vendetta and simple money-making by some questionable characters , we witnessed the first real clash between financial industry of the 20th ce… ift.tt/2MG3JVv

IMO this Reddit, GameStop, Robinhood story exposed something extremely interesting. Besides the ugly personal vendetta and simple money-making by some questionable characters (wink, wink), we witnessed the first real clash between financial industry of… ift.tt/3oJbDe2

- - - - - - - Peer-to-peer lending, once the most promising of alternative lending products failed to become mainstream. One of the core problems: they heavily relied on “cost of capital” as the main advantage. However, low interest rates offered by Fe… ift.tt/3qWaFgx

Question: Is recurring revenue financing (aka Pipe, Founderpath) another sophisticated version of MCA or really a new asset class? - Future of Fintech More here: ift.tt/3uSOMkv

For loan brokers: We spoke with a very prominent and somewhat innovative lender yesterday, however, the whole conversation was little odd. For many lenders operational efficiency is not actually as important as it should be. Think about the last convers… ift.tt/3vlVccg