Motley Fool Money What’s On Your Balance Sheet?
Jun 19, 2022
Dave Girouard, CEO of Upstart Holdings, shares insights on his AI-driven lending platform that's reshaping creditworthiness assessment. With shares down significantly, he discusses strategic balance sheet management and identifies growth opportunities in auto lending. The conversation dives into how tech companies like Amazon maintain their core mission despite market noise. Girouard emphasizes the importance of understanding true company value and offers investment strategies for thriving in a fluctuating market.
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Upstart's Competitive Advantage
- Upstart sees a large gap between creditworthy Americans and those recognized as such.
- They aim to bridge this gap using AI-powered lending.
Upstart's Vision
- Upstart positions itself as a technology provider for all lenders, not just a standalone company.
- Their technology aims to have broader utility and scalability.
Upstart's Balance Sheet Strategy
- Upstart took loans onto its balance sheet as a temporary measure.
- It was done to maintain continuity and manage supply-demand fluctuations.