What VCs and Founders Get Wrong About the Credit Business
Rebank: Fintech Analysis
00:00
What Are You Saying?
A lot of the investors just didn't understand what they were getting into. Upstart performs with a genuinely negative vintage, if you're looking at any type of lender should be somewhere between five and eight percent. If upstart lends out $100, they're going to lose $1.5. So get back $98.50 on average based on vintage data that I looked at probably a year ago.
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