[Finance1]

Isn't this the EXACT same game plan On Deck has had for the last several years? Build up a technology platform to them sell to a bank?

Shariff used to pontificate that they would be selling their innovative UW'ing platform to Bank of America in the near future. Of course, that was what? 3-4 years ago?

I've always been under the same impression but I think OD underestimated the extremely slow credit rebound from the meltdown in 08-09. It's much better than it was but risk aversion is still quite predominant. High risk/return lending is still being avoided by banks. Partly due to the new regs and capitalization requirements and partly because they simply don't need it nor want ANY bad press about any risky lending.

OD changed gears by going after market share and getting capitalized. I've often wondered that once you peel it all back, is OD as stable as they say they are. I'm sure many have asked the same question.