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Tom Burnside

๐Ÿ‘ค Speaker
281 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

They have been really, really good.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

I think we do well as a company, so that helps the relationship.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

No, no, no.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

They didn't come in until 2000.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

They came in during COVID.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

So even during COVID, the models had really, really, really held.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

The beta risk was still low.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

And they followed us for about six months and then jumped in.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

And so, yeah, great, great partners.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

You know, they put in $175 million now themselves into the company.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

How much was secondary?

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

None.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

None.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

Well, remember, we continue to pour that money back into the business right now to continue to grow it.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

At the pace we're growing, you need to feed the proverbial beast.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

So that money keeps going back into the organization.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

And we have taken no secondary.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

We have poured all the money back into the company to keep the company growing.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

We're going to let the market, when the market's ready, we'll be ready.

SaaS Interviews with CEOs, Startups, Founders
LendingPoint Hits $600m ARR, Will Profit $120m on AI platform for consumer loans

We, you know, look, we have an amazing team of people.