George Souri is the Founder and CEO of LQD Business Finance, a startup providing quick, convenient, and affordable financing to small and medium-sized businesses that are traditionally underbanked. LQD is leveraging data to offer business loans in the $250,000 to $3 million range to help businesses scale faster.
George is a serial entrepreneur, self-taught mathematician, and musician. He got his entrepreneurial start with a string of dance clubs at 18 years old before founding his own investment bank.
In This Episode You Will Learn:
- What is alternative business lending
- Why you should try to disprove your idea
- How George got his start in entrepreneurship
- The importance of viewing failure as opportunity
- The power of small efficient actions
- Why banks turn down good companies
- How LQD made its first loans
- The differences between consumer and business lending
- The value of doing an autopsy on a business
- The biggest red flags LQD sees when examining a business
- Why you should be trying to find people that make you feel dumb
Selected Links From The Episode:
- Richard Feynman, theoretical physicist
- Principles by Ray Dalio
- Nash equilibrium
- Al Goldstein, Founder and CEO of Avant
Books Mentioned:
- A New Kind of Science by Stephen Wolfram
- The Economics of Life: From Baseball to Affirmative Action to Immigration, How Real-World Issues Affect Our Everyday Life by Gary Becker
- Thinking, Fast and Slow by Daniel Kahneman
- Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb