Results 1 to 22 of 22
Hybrid View
-
02-28-2013, 08:24 PM #1
Reputation points: 20
- Join Date
- Feb 2013
- Posts
- 1
I don't mean any disrespect, but how do you know whether they are profitable? Do you have access to their books? Are they publicly open about not being profitable?
-
03-01-2013, 10:59 AM #2
Reputation points: 99426
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
I've never seen anything in writing about On Deck not being profitable, but it's all on the rumor mill. It could just be competitor bashing. The truth is that On Deck has received a lot of serious venture capital funding recently so the investors must see something good about their business model.
-
03-01-2013, 11:26 AM #3
-
03-01-2013, 11:36 AM #4
It's common knowledge, they cant be turning a profit. when you do those skinny deals at those factors and turns, deduct overhead and defaults. Your done! now if your not trying to turn a profit , but build a platform to sell your business. there you have it the on deck biz model.