Results 1 to 11 of 11
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09-16-2013, 06:49 PM #1
Online Lender OnDeck Announces $130 Million in New Funding
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09-16-2013, 07:11 PM #2
crazy they've raised an insane amount of capital in the last year for an mca company
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09-16-2013, 07:12 PM #3
I like how the media only knows about them, CAN, and Kabbage.
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09-17-2013, 11:24 AM #4
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
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!
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09-17-2013, 01:05 PM #5
- Join Date
- Jun 2013
- Posts
- 351
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...
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09-17-2013, 03:25 PM #6
- Join Date
- Jan 2013
- Location
- New York City
- Posts
- 409
You might enjoy this link to: http://www.crunchbase.com/company/on-deck
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09-17-2013, 08:47 PM #7
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09-19-2013, 03:47 PM #8
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/
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09-19-2013, 04:39 PM #9
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.
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09-19-2013, 05:25 PM #10
untilt hey start officially reporting #'s and people stop relying on a talking head to spin....it is ALL just hearsay
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09-19-2013, 06:38 PM #11
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