Tom Gardner

We're going to talk about Sezzle in a second, but I think I just want to start with your background.

What caused you to become an entrepreneur?

What made you think about starting the first company you started and how did it lead you to Sezzle?

How many companies have you started?

Just two.

Just two, okay.

What is happening with the first company?

What was the business and what is it doing now?

I still think there's a lot of misunderstanding about buy now, pay later.

I mean, if you look out in the comments areas about buy now, pay later stocks, in our case, out in our community and elsewhere, there are skeptics that think people are buying things they can't afford and this is a bad alternative.

It should never have been brought to market.

So maybe explain the difference between buy now, pay later and typical traditional credit card usage and why you favor BNPL.

There was a moment in time where I remember learning that the term that credit cards use for their customers that pay their cards off at the end of the month is deadbeat.

That's when I realized it's pretty good to be a fool in this world, or another time I realized it's pretty good to be a fool in this upside down world.

I'm pretty clear in my thinking on it, but I do encounter a lot of people that aren't sure about whether this is a beneficial solution that's being provided in the marketplace, but I see

no advantage to using your credit card over BNPL, but I'm sure there is some, obviously some larger payment you have to make, points, et cetera.

But I think the average balance on a buy now, pay later, maybe it sezzles around 85 bucks that is not paid.

And then the credit card, it's like $6,000.

Is that anywhere near close?

Got it.