Founder Interview Video
How LendingPoint Reached $330M Net Revenue and 300,000 Customers While Staying Profitable (Interview with Founder Tom Burnside)
Chapters
- 0:00Introduction and Company Overview
- 0:36Founding Story and Market Opportunity in 2014
- 1:43Early Loan Product: Size, Credit Score, and Terms
- 6:08Loan Terms, Interest Rates, and Repayment
- 9:07Securing Initial Capital and Cost of Funds
- 13:20Year One: $15M in Loans and Early Learnings
- 14:13Growth to 2018: $360M Originated and Capital Expansion
- 15:03Crossing $500M in Originations and Pricing Inflection
- 16:342021 Capital Deployed of $2.1B and Q1 2022
- 17:362021 Net Revenue of $330M
- 19:28300,000 Customers and $11,000 Average Loan Size
- 19:57Point-of-Sale Acquisition and Product Diversification
- 22:23Current Debt Capacity and Competitive Positioning
- 23:02Valuation Discussion and Profitability
- 25:05Warburg Pincus Partnership and Zero Secondary
- 26:30Retaining Early Employees and Future Liquidity
- 27:09Famous Five Rapid Fire Questions