Tom Gardner

I want to talk a little bit about what will happen to Sezzle during a recessionary period, because there are a lot of questions for Sezzle shareholders.

And of course, we're all here as fools.

In fact, raise your hand if you own shares of Sezzle.

Great.

We have we have probably about a third of the room that are Sezzle shareholders.

So you're speaking to them and you're speaking to the two thirds that haven't yet been convinced, which is fine.

The fear is that there will be a lot of defaults.

transactions will slow down, your earnings will get clobbered.

And what will happen in that, even just in a normal recession, like a two or three quarter recession?

What do you think happens to Sezzle during that?

Got it.

Can you talk about what your customers are using Sezzle for to purchase?

For example, the natural inclination of a critic, and I understand, is they're buying unnecessary items and this is just encouraging people to overspend, but what percentage of it is spent on what you would consider to be basic necessities, for example?

Two or three reasons that you think somebody would use Sezzle instead of Klarna.

I've heard you speak positively about the competition.

We've had two conversations, an interview, and then we had an opportunity to have lunch, both of which I so much enjoyed.

And when I hear that from a CEO, obviously one scenario, that CEO is delusional.

We don't want any competition.

We want to crush everyone, eliminate everyone.

And the other scenario is the market is still so misunderstood and so early on.