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12-05-2013, 01:14 PM #2
Reputation points: 306
- Join Date
- Jan 2013
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- New York City
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"Software is eating the world" - Marc Andreesen.
Another example of products coming out where "speed to funding" will win the day. Kabbage went from shipping an minimum viable product a couple of years ago to what looks like implementing a scaleable customer acquisition strategy. "Move fast and break things"; Mark Zuckerberg.
They just instantly shrunk the pool of customers for MCA even more... Any merchant using Square will eventually see notifications on their screens; "CLICK HERE TO GET A BUSINESS LOAN FROM OUR PARTNER; KABBAGE."
Kabbage will exit in 2018 or so for well over a billion. OnDeck will be billionaires by then because I am willing to bet it all, that Google buys them for billions, not for their deals, they don't make any money lending money, but for their data.
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