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b'My guests this week are Ali Hamed, Brian Harwitt and Marc Porzecanski who work together at CoVenture Credit. When I first had Ali on as a podcast guest, we discussed the many aspects of what his firm does, ranging from venture, to crypto, to credit. We glossed over the lending side of the business, but having since learned a lot from them on the topic, I was excited to get the chance to talk with members of their credit team for today\\u2019s longer exploration of esoteric high yield lending.\\n I am always proselytizing the value of investor education, s this week we have a podcast first. The CoVenture team has prepared a long series of posts that correspond to our conversation and go even deeper into the topic of credit investing. You can find them in the shownotes at\\xa0investorfieldguide.com/credit\\n This is entirely differently from any conversation I\\u2019ve shared before, so I hope you learn as much as I did. Please enjoy my discussion with team CoVenture Credit.\\n For more episodes go to InvestorFieldGuide.com/podcast.\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.\\n Follow Patrick on Twitter at @patrick_oshag\\n Show Notes\\n 1:42 - (First Question) \\u2013 The formation of their unique credit business\\n 7:09 \\u2013 Their advantage in seeing both the equity and credit side of their investments\\n 10:23 \\u2013 Looking at the Returnly deal as an example\\n 14:07 \\u2013 How they view these deals and are able to sustain them as long-term investments\\n 18:09 \\u2013 Their interest in payroll deduction lending\\n 20:08 \\u2013 Finding unique types of default risk\\n 21:31 \\u2013 What stands out in a platform that makes CoVenture want to take a deeper look\\n 26:43 \\u2013 Most interesting types of problem they have come across that they have yet to do a deal in\\n 31:35 \\u2013 What is going to change to make for more thoughtful underwriting of subprime lending\\n 35:51 \\u2013 Major structures of asset backed lending\\n 39:49 \\u2013 Whether the home serves as an interesting playground for credit opportunities and whether people will own anything again\\n 42:44 \\u2013 Mark\\u2019s experience working at a huge firm vs his experience at CoVenture\\n 44:31 \\u2013 How does the current credit cycle impact their view\\n 47:04 \\u2013 Lending against bitcoin\\n 50:06 \\u2013 Who is interested in these loans against bitcoin\\n 50:57 \\u2013 How to set interest rates against a weird asset like this\\n 53:00 \\u2013 What are the key determents of success in this business\\n 1:02:27 \\u2013 Kindest thing anyone has team for the team\\n 1:03:52 \\u2013 How to treat people that you pass on\\n \\xa0\\n Learn More\\n For more episodes go to InvestorFieldGuide.com/podcast.\\xa0\\n Sign up for the book club, where you\\u2019ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub\\n Follow Patrick on twitter at @patrick_oshag'