March 27, 2023

Some stats came out recently about just how difficult it is to fundraise in this environment, particularly for Series Bs. Historically, Series Bs have always been the most challenging as companies at this stage are moving beyond product market fit and for the first time are using the new growth capital to scale the business.

March 20, 2023

This past week, across continents, across time zones, across teams, we came together to solve the many different challenges and problems thrown our way. Over the last weekend, we put ourselves out there as a viable bridge financing platform for startups staring down a situation where their operating company cash was trapped at SVB.

March 13, 2023

It's certainly been a hectic last few days so I wanted to share our weekly team email with you earlier than the usual at 8AM on Monday mornings. It was an almost unbelievable week but not in the conventional sense of the word. In what felt like shades of 08/09, we had the second largest failure of a bank in US history when Silicon Valley Bank shuttered its doors on Friday.

March 6, 2023

Another month in the books and another month of further validation of the diversity of revenue streams we have at our disposal. Revenue came in at [ ] and more importantly, we had initially forecasted a [ ]d increase month over month from Jan to Feb in terms of revenue and we were still able to meet these lofty targets. As a result, we're coming in ahead of our YTD forecast of $[ ]K in revenue by [%, the first time we've ever been able to meet and exceed targets on a consistent basis.

February 27, 2023

It’s going to be a busy week as our team is dividing and conquering several conferences and events in Park City, Las Vegas, and San Francisco. The theme for all three is driven entirely by our search for capital from investors, particularly those Qualified Purchasers we had mentioned in the last all hands.

February 21, 2023

There's certain weeks where everything just seems to be humming and this past week was most definitely one of them. Everything was in sync (even with some mini crises along the way) and we managed to have a few chips fall our way as well. 

February 13, 2023

Ahead of our board meeting on Tuesday and the subsequent all-hands on Thursday, I thought it would be helpful to recap our results in January as the board is keen to track every single metric we're measuring ourselves against.

Breaking down our January financial results and it's a tale of two narratives. On the one hand, we missed on Borrower Platform Fees as deals from existing borrowers we underwrite were downsized more than we had anticipated and we also predicted we would be able to ramp up our new higher fee structure faster than we actually were able to.

February 6, 2023

We’ve officially kicked off the conference season in 2023 as we made our way down to Miami for the iConnections Global Alts conference for family offices and other institutional investors. This is a fairly unique conference as there are two sides of our market in attendance - investors looking for debt opportunities and also underwriters / credit funds who manage debt funds and are looking for capital but also have opportunities to underwrite against.

January 30, 2023

Nothing like starting the year off right! As we've been driving the point home consistently over the past few weeks, this year is all about hitting and exceeding our numbers in a year where most companies will struggle to make their projections. Thanks to everyone's efforts this month, we're going to come in at a forecasted [ ]  in revenue compared to our initial projection of [ ]. This is the first time we've actually exceeded our projected revenues in a given month in over half a year and it's been a long time coming.

January 23, 2023

It's funny how the world works sometimes. For those who don't know, when we first started we were actually a blockchain company, touting the future of private credit and securitization on chain. We were doing "real world assets" as the crypto/blockchain community likes to call it, before it was in vogue. Fast forward a few years later, we've shied away from that vision for many reasons, most notably of which is that the blockchain really can't help that much with the securitization process as it exists today.

January 17, 2023

With the imminent close of [ ] this week which was underwritten by [ ], we have our first ever deal that’s closing with an underwriter who's signed on to our new master services agreement with the latest fee schedule, as we mapped it out in the all-hands last week. This one could not have gone any better - the [ ] team was eager to get going, [ ] is a well funded venture backed company, and the webinar roadshow we did to market the deal was extremely well attended.

January 9, 2023

It‘s such a rare and wonderful occasion that we can bring the team together for several days to celebrate all that we’ve accomplished in 2022.

We are all so focused on our day to day that it’s often so easy to forget the people behind the screen on Zooms and Huddles. Every one of you was brought on board not just because you’re the best at what you do with incredible potential, but also because of the contributions we knew you’d make to support and enhance the collaborative culture we strive to uphold.

January 3, 2023

It’s officially a new year and while it’s just a day on the calendar, it’s an opportunity to start anew. 2022 will be remembered for its market volatility and economic challenges as public markets closed out with its worst loss since 2008. Hype cycle asset classes like crypto and collectibles crashed down to earth. With all that as the backdrop, what can we expect for 2023? Below are a few of my predictions that I think could play out this year. 

December 27, 2022

As we wind down the last week of the year, it was only right to look back on just how far we've come in 2022. In a year where every market, every sector, every asset class faced challenges that only come around once every decade or so, we managed to do what most could not - we put our heads down and just kept pushing in order to deliver, to execute, and to excel.

December 19, 2022

It’s that time of year again, when the work begins to slow down a bit and clients start to shut things down for the holidays. These are often the important weeks of the year as we can spend quality time with friends, family, and those we love to remind ourselves what matters most in life.