ideas

RIP APR

We all love to get piping mad about how terrible and predatory pay-day lenders are with rates – annual percentage rates (APR) – of 400%, 500% and up.  It sounds unconscionable, doesn’t it? I believe APR is an inflammatory and completely ineffective way to evaluate or understand short-term loans.  APR stifles innovation;…

Let’s Finovate

The last couple days at Finovate San Francisco have been fun.  The conference – focused on one-track, demo-only, 7 minute limit presentations by any financial technology company willing to spend a couple grand to hawk their wares to assembled gaggle – is getting big enough, as Brian McLoughlin pointed out,…

Check Your Financial Health

Our portfolio company, GoalSpring Financial, has been working on the big idea of encapsulating your financial health in a small, digestible package for a while.  Most people are now familiar with what their credit score is – if not due to the credit crunch of the past couple years, then…