E987: The Next Unicorns: Upgrade CEO & Co-founder Renaud Laplanche is empowering users to better understand credit through his consumer credit platform, announces the Upgrade Card, shares insights on taking LendingClub public & how startups have changed since he started his first company in 2000 – E

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 12 October 2019

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

0:51 Jason intros Upgrade CEO Renaud Laplanche
2:07 Renaud goes over the idea of his previous startup, LendingClub, and taking it public
9:57 What happened at LendingClub after the IPO?
11:18 What is Upgrade? How did it grow out of LendingClub?
12:40 Are credit scores an outdated metric?
14:11 What is the Upgrade Card?
15:30 Are modern credit card companies sinister in their approach?
24:54 Renaud's thoughts on Crypto
27:40 Where does Upgrade's lending capital come from?
31:22 Are we approaching a downturn after an unprecedented period of growth?
37:28 What goes into a great credit score
42:50 What has changed in startups since Renaud started his first company in 2000?
51:25 What keeps Renaud going after two successful exits as a founder?

Transcript

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0:00.0	This Week in Start-Up's The Next Unicorns is brought to you by
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0:50.3	Hey everybody, welcome to this week in startups. This is part of our series called
0:55.6	The Next Unicorns or as we like to say colloquially here in Silicon Valley
1:00.2	Sunecorns companies that we believe could be the next Uber, Robin Hood,
1:05.9	com, Airbnb and we track these things pretty easy to track if somebody raises over 50
1:11.2	or a hundred million dollars, that means some investors believe
1:15.5	they can get to that benchmark.
1:17.0	What does it take to be a unicorn?
1:18.3	You gotta have a product that people really love.
1:20.6	You have to have strong product market fit. Additionally, you have to have a
1:25.7	great business model. So that strong product market fit can be monetized and that revenue can show up to help you grow and
	...

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