Sasha Orloff is the CEO and Co-founder of LendUp, a fintech startup offering online and mobile personal loans and credit cards in the United States. Prior to launching LendUp Sasha was on the other side of the table as a VC with Citi Group’s corporate venture capital arm. On the topic of VC funding, LendUp raised an incredible $150m in Jan 2016 from likes of SV Angel, Yuri Milner our friends at Susa and Google Ventures just to name a few.
In Today’s Episode You Will Learn:
1.) How did Sasha come to found LendUp following a stint in VC with Citi Group?
2.) What Sasha learnt from VC about running a successful startup and how he applied them to his founding of LendUp?
3.) Was it difficult leaving the security of a VC job to found a startup? Would you have done the same had you had children at the time?
4.) What trends in FinTech is Sasha most excited for? Why does Sasha think banks are in so much trouble? Is there the potential to co-operate rather than replace banks?
5.) How was the fundraising process for Sasha? What was his preferred round and how did they differ from stag to stage?
Items Mentioned In Today’s Episode:
Sasha’s Fave Book: Banker To The Poor
Sasha’s Fave Blog: Sam Altman
As always you can follow The Twenty Minute VC, Harry and Sasha on Twitter here!
If you would like to see a more colourful side to Harry with many a mojito session, you can follow him on Instagram here!
The Twenty Minute VC is brought to you by Leesa, the Warby Parker or TOMS shoes of the mattress industry. Lees have done away with the terrible mattress showroom buying experience by creating a luxury premium foam mattress that is order completely online and ships for free to your doorstep. The 10 inch mattress comes in all sizes and is engineered with 3 unique foam layers for a universal, adaptive feel, including 2 inches of memory foam and 2 inches of a really cool latex foam called Avena, design to keep you cool. All Leesa mattresses are 100% US or UK made and for every 10 mattresses they sell, they donate one to a shelter. Go to Leesa.com/VC and enter the promo code VC75 to get $75 off!