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Alexander Graubner-M\\xfcller. He\\u2019s the current CEO of Kreditech and started off as their CTO. He was a senior business development manager at Groupon and he was very active in the financial space such as an internship at Equity Derivatives in UBS. Alex is now in the Fintech space and running Kreditech.

Famous Five:

• Favorite Book? \\u2013 The Lean Startup
• What CEO do you follow? \\u2013\\xa0 Elon Musk

• Favorite online tool? \\u2014 n/a
• Do you get 8 hours of sleep?\\u2014 No
• If you could let your 20-year old self, know one thing, what would it be? Spend more time learning how to manage and build companies

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Time Stamped Show Notes:

• 01:40 \\u2013 Nathan introduces Alexander to the show
• 02:20 \\u2013 Kreditech is an end-to-end consumer lending company
• 02:45 \\u2013 Kreditech has a powerful rating data
• 03:05 \\u2013 Alex shares what kind of credit score they\\u2019d assign to a customer as opposed to what a bank would
• 04:15 \\u2013 Kreditech is focused on consumers
• 05:28 \\u2013 Kreditech is a lending company
• 05:55 \\u2013 Current total loans outstanding
• • 06:23 \\u2013 Most of the loans are short in maturity
• 07:08 \\u2013 The kind of person Kreditech loans to
• 08:25 \\u2013 Kreditech is growing fast\\u2014around 100% every year
• 08:50 \\u2013 Kreditech made $40M in revenue in 2015
• 09:30 \\u2013 Kreditech explains their interest rates
• 10:15 \\u2013 Kreditech offers higher loans with lower rates for specific consumers
• 12:07 \\u2013 Some people who apply for a loan won\\u2019t usually be able to pay
• 12:33 \\u2013 The fraction Kreditech will assume
• 15:17 \\u2013 Total amount raised in funding rounds
• 16:40 \\u2013 Loan origination
• 17:12 \\u2013 Alex had to make sure to run the company on a fully-funded business plan
• 18:21 \\u2013 Connect with Alex through LinkedIn, Twitter and his email
• 20:30 \\u2013 The Famous Five

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3 Key Points:

• You can always work your way up \\u2013 just give your ALL and embrace your company.
• Lending companies are different from the banks, but both have their advantages and disadvantages.
• Learn how to manage your company; NOT just how to manage people, but how to have your people work to make it more profitable.\\xa0

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Resources Mentioned:

• Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Drip \\u2013 Nathan uses Drip\\u2019s email automation platform and visual campaign builder to build his sales funnel
• Toptal\\xa0\\u2013 Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn\\u2019t have to hire a co-founder due to the quality of Toptal
• Host Gator\\xa0\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
• Audible\\xa0\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
• The Top Inbox\\xa0 \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens and follow-up with email sequences
• Alexander@Kreditech.com \\u2013 Alex\\u2019 email address
• @AGraubnerMuller \\u2013 Alex\\u2019 Twitter handle
• Show Notes provided by Mallard Creatives