Silicon Valley’s blind spots are costing venture capitalists huge opportunities
“Jerry’s mom is representative of over 150 million Americans who can’t access $500 in an emergency. And when Jerry was in college, he wanted to dedicate his career to helping people like her. He got a job on Wall Street and attended business school first to understand how banking worked, until he had enough experience to develop a solution of his own. His company, called LendStreet, finds individuals who are responsible, conscientious citizens who have, through bad luck, found themselves in deep debt at often predatory interest rates (medical, credit card, student loans), buys up and consolidates their loans, and refinances them at a fair interest rate.” Read the Business Insider piece.