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NIM Innovation: A Lending Mental Model
Foreword: I’ve long been a mentor of startups in the Entrepreneurship and VC class at Stanford. Recently I was hosting several GSB students from the class who were working on a lending startup, and we got to “whiteboarding.” Well, napkin writing. I shared my lending mental model with them and realized I’ve never encapsulated it…
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Congratulations Stori on your Series C
Congratulations to Stori on your $125M Series C equity raise led by GGV and GIC! We led the Series B earlier this year and I’ve been thrilled to see Stori perform incredibly well since we invested. The company has more than 10x’d active credit cards and seen over 2M people apply for a card. They also introduced…