[JayBallentine]

Instant underwriting and funds disbursements has already been perfected by Kabbage. There are several reasons why their model works. Merchants can link their various bank, paypal, ebay accounts to Kabbage's portal and they run their algorithms to determine eligibility. More importantly, there is only one lender involved so the underwriting is centralized and the technology is seamless. If you want to try this process with a bunch of different lenders, each with his own type of underwriting criteria and various levels of efficiencies (and inefficiencies), then you'll be banging your head in frustration. Remember, some lenders can take up to 72 hours to review a submission! And once the contracts are signed, some lenders come back with ridiculous amounts of stips which have to be chased in, verified, and then the contract terms are revised, etcetera, blah blah blah!!! It ain't gonna work! But only brokers who have actually worked in the trenches really understand this...

You are right MCN. Not gonna work under the way you described. That's why we have innovated around that. You have no idea what goes on in the background. How we approached and solved that problem. PREEMPTIVELY.

Here's the thing. Everyone has an opinion. I just closed a seed round. Our investors are awesome, talented people. Our mentors are world class.

Their opinions matter to me the most because they are all millionaires. Generally speaking they don't bet the horse - they bet the jockey.

Additionally.

YOU: Direct mail doesn't work.
US: Direct mail is awesome.

It works if you know how to work it. We know how to work it.