Tom Gardner

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.

that actually there's a benefit to just people getting in the game with one of the solutions because it's going to open their eyes to the other possibilities.

I'm presuming that's more of how you see the market developing or where it is now.

And of course, I do like CEOs that admire their competition and learn from them.

So maybe talk a little bit about how you think about competition for this stage of the market.

Well, you're definitely an innovator and a visionary.

I'm sure you're operating the business very well as well, but I know you have a lot of ideas.