Revolutionizing Small Business Lending with Data & Technology - George Souri / Founder of LQD Business Finance - Tech In Chicago

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
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