[isaacdstern]

http://www.americanbanker.com/issues...062063-1.html#!

[Capital Stack]

crazy they've raised an insane amount of capital in the last year for an mca company

[Sean Cash]

I like how the media only knows about them, CAN, and Kabbage.

[JayBallentine]

crazy they've raised an insane amount of capital in the last year for an mca company

I would posit that they are not an MCA company. They are a big data company - the data they are able to aggregate is far more valuable than the deals they fund (at a net annual loss).

Each time a deal is submitted, it is data mined. In the event that it is declined, they can say THANK YOU ISO FOR WORKING FOR US FOR FREE! THANKS FOR SUBMITTING ALL THIS GREAT DATA FOR US TO MINE They are not an MCA company. They are a big data company. Peter Thiel (Pay Pal Mafia) has so much money that investing a nickel in MCA is foolish. He was in on the last round. This guy thinks on levels it will take us generations to comprehend.

They have an army of data scientists. Nobody in MCA has "hired an army of data scientists."

This $130M gets them "exit ready." No VC in his or her right mind is going to put $130M into a company that can't make any money (yet) if they didn't see the exit.

Look at the folks who were in on the first 2 rounds and check out their exit track record.

I have a "hunch" one of the platform companies will acquire them, if they are not acquired, I cannot wait to sell this stock in the markets!

[funding pro]

This particular article mentions the $130MM as debt, which from my recollection would be a first for ODC as most of their financing has historically been VC capital. Interesting...

[JayBallentine]

This particular article mentions the $130MM as debt, which from my recollection would be a first for ODC as most of their financing has historically been VC capital. Interesting...

You might enjoy this link to: http://www.crunchbase.com/company/on-deck

[Sean Cash]

You might enjoy this link to: http://www.crunchbase.com/company/on-deck

Looks as though debt has been a substantial part of their capital raising. I can't remember but I feel like I recall that On Deck is funding $40 million a month. They will blow through this $130 mil pretty fast just like they have with all previous lines.

[MCAVeteran]

a forbes march '13 article stated how ODC would do $400m this year and $100m in revenues.

http://www.forbes.com/sites/jjcolao/...-loan-officer/

[Sean Cash]

add that to CAN's 600 mil a year and you have 1 billion a year between the two. They're miles ahead of everyone else in terms of volume.

[Chambo]

untilt hey start officially reporting #'s and people stop relying on a talking head to spin....it is ALL just hearsay

[Sean Cash]

untilt hey start officially reporting #'s and people stop relying on a talking head to spin....it is ALL just hearsay

ever the pessimist you are but it's true, there is a tendency for companies to over-inflate their funding numbers. I've watched tons of people do it lol.