The state of things in MCA, online lending, and fintech through the disloyal boyfriend meme:
SEE MANY MORE DEBANKED MEMES
The History of Alternative Finance (As Told Through Memes)
Ready to Trade ONDK and LC? Scroll to the bottom of the page
10 Clues You’re Hardcore About Merchant Cash Advance
Exactly four years ago, I honored the Thanksgiving holiday by slightly exaggerating the industry’s history in a blog post. And every year around this time since, I’ve reposted it to the home page for all the newbies to enjoy. But in 2016, it just doesn’t seem as applicable. Too many things have changed, especially compared to when I first joined the industry.
The technological experience I remember as an underwriter back in 2006 might as well have been the 1700s. From my perspective, here’s how things have changed:
I don’t know about you, but I am afraid to see where we will be in 2026.
Happy Thanksgiving! 🙂
Happy Thanksgiving. You know what that means! deBanked original memes! Here’s the latest:
SEE ALL THE MEMES FROM PREVIOUS YEARS!
2017 1: The State of The Industry (In Memes)
2017 2: Take a Break From Funding This Thanksgiving
2016: The History of Alternative Finance (As Told Through Memes)
2013: 10 Clues You’re Hardcore About Merchant Cash Advance
Step back from the daily grind
Those merchants eager for your cold calls can wait
There’s no need to start worrying about next year just yet
So hug an underwriter
Kiss a broker
Think about your favorite merchant
And pay no attention to the algorithms automating your job
Because nobody wants to hear you recap your holiday like this
Enjoy the Holiday!
Eighteen months ago and prior to OnDeck’s IPO, I joked about how an online business lender might be evaluated by the mainstream financial media, particularly through Jim Cramer memes.
You can view all of the rest of those on the bottom of this page here.
In the meantime, the real Jim Cramer is not as entertained by these types of businesses. Here’s what he had to say about OnDeck and companies like them:
I do not like these new kinds of “banks” https://t.co/DO33G0cBCz
— Jim Cramer (@jimcramer) May 3, 2016
Meanwhile, below is a video of Jim Cramer talking to Lending Club CEO Renaud Laplanche just 1 year ago when he was more open to the idea:
Video not working? click here
memes i see on facebook...
memes of jeremy facial expression after he said that lol...
memes lol, , the closers group...