17min chapter

The Official SaaStr Podcast: SaaS | Founders | Investors cover image

SaaStr 685: Why Investors Love SaaS with SaaStr CEO Jason Lemkin and QED Partner Amias Gerety on Fintech Beat

The Official SaaStr Podcast: SaaS | Founders | Investors

CHAPTER

Challenges of Running a Lending Business and Importance of Proper Controls

The speakers discuss the challenges of running a lending business and the importance of getting money back. They emphasize the need for proper controls in startups and the danger of waiting too long to hire a true VP of finance or CFO.

00:00
Speaker 3
There's no mechanical change for the pilot to say, okay, maintain curvature of the earth, you know, adjustments. There's nothing like that whatsoever. But I do think it's probably gravity and the fact that, you know, air pretty much is, you know, like a
Speaker 1
fluid. It's similar principles to liquid. It's just air. Yeah. I think the atmosphere would have some sort of play on that. Yeah.
Speaker 3
Like a squeeze. Like it's squeezing it. Are you seriously anti-gravity, Jared? No.
Speaker 1
What do you mean anti-gravity? I just made that up
Speaker 3
to be silly. Okay. Gosh. What kind of person I deal with here this whole time? Anti-gravity? If you
Speaker 2
think about it in Einstein's universe, the mass is warping spacetime and we're falling because of that. And so it's not really a gravity pulling, but it's more that spacetime is warped and we're falling because of that. The other thing, interestingly, is gravity, the word, you know how we say it also to mean like a big situation, like the gravity of the situation? That was the original term and they named the force after that. It was like the gravity of it came later. So that word came first. I thought it was quite interesting.
Speaker 1
So I actually am anti-gravity because I don't believe in big situations. Right. Yeah.
Speaker 2
Yeah. You just like trivial, always trivial about everything. Everything's trivial. Yeah, there's nothing
Speaker 1
to it but to do it. All right. Tool time, Adam, let's move on to
Speaker 3
you from anti-gravity. Whoa, it's tool time. That's true.
Speaker 1
We do need a jingle. Should we get Matt to do us a
Speaker 2
jingle? Tool time? I'm going
Speaker 3
to put an A for Adam. Right.
Speaker 4
Let us tool time. Let us tool time. Let us tool time. Let us tool time. Hmm? Yeah. Not all
Speaker 3
going to
Speaker 2
be winners, are they? We can workshop that one. Yeah, last time I did it one, Adam, you were
Speaker 3
like, here's some notes and then you left it in the podcast.

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