[Karen37a]

Lets get down to the nitty gritty

I can point out 5-6 MCA brokers who made 10 million( in total) 1099....but I won't

And people can keep changing the model...investors and wall st watch...how long does it take to make a profit ...geezus

[Nunya]

Lets get down to the nitty gritty

I can point out 5-6 MCA brokers who made 10 million( in total) 1099....but I won't

And people can keep changing the model...investors and wall st watch...how long does it take to make a profit ...geezus

ONDK is not a broker. At this point they're a 100% balance sheet lender - there's different levels of infrastructure to run a broker shop vs. generating demand, selling, managing portfolio risk and servicing a $1B portfolio.

[Karen37a]

ONDK is not a broker. At this point they're a 100% balance sheet lender - there's different levels of infrastructure to run a broker shop vs. generating demand, selling, managing portfolio risk and servicing a $1B portfolio.

What does any of this have to do with profit

I made my point. I am off

( and I do not like being embarrassed all the time, wall st friends laughing at me because of someones earnings)

[Nunya]

What does any of this have to do with profit

It has to do with comparing origination volume with profit (which you did) for two entirely different business models. Broker and lender are not the same model.

[Karen37a]

It has to do with comparing origination volume with profit (which you did) for two entirely different business models. Broker and lender are not the same model.

There are Lenders who run hybrid models...successfully

The problem is you can't get rid of commissioned salespeople

Anyway, people can keep trying to do whatever ...wish for regulation and w/2 to save them

I am going to be the 1099 gal the whole way...and if it changes ...ill licence up..pass any future exams in a day and pay out w/2 ( less money) to everyone who works for me ( Because of increased operational costs and compliance)