In this episode, we sit with Sheridan Claybourne, an entrepreneur whose journey began at the age of 15 with a passion for startups and a knack for making profits. Discover how Sheridan's early success in acquiring and selling sneakers led him to launch his own company, Lendtable, and embark on a remarkable entrepreneurial career. Sheridan shares his experiences working in the finance industry, including stints at renowned firms like JP Morgan and Goldman Sachs. Tune in as he discusses his decision to leave these prestigious positions behind in pursuit of creating startups that could address the flaws he observed in the existing financial landscape. Learn how he identified opportunities to generate outside returns and provide non-accredited investors access to private equity funds through his FinTech ventures.

 

Explore Sheridan's diverse background, from working at a credit-boosting startup to becoming a machine learning product manager at Dropbox. Find out why he ultimately decided to forge his own path and how his varied experiences equipped him with the necessary skills to launch Lendtable. Discover how this platform is revolutionizing the way small and medium-sized businesses access financial services.

 

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Founder Bio:

 Sheridan is Co-Founder & CEO of Lendtable - the first platform for providing "wealth-building loans". Born in Chicago, Sheridan was the youngest African-American to ever get into Northwestern at age 15. Since enrolling in school, he built his first business (Snatcher - automatically buying and selling limited edition items/tickets) to $10million+ in revenue in 3 years. During which, he spent time working at Goldman and J.P. Morgan in their Special Situations Group. This ignited his passion for fintech and creating financial equality for all people. In its first 3 months, Lendtable raised $1million+.

 

Time Stamps:

 03:13 Sheridan’s background and professional journey

07:41 Exploring the possibilities of fintech to create a positive impact

10:59 Exploring wealth-building loans for 401k match and employee benefits

12:26 Benefits of debt financing for wealth building

14:35 Exploring guaranteed returns and artificial intelligence in financial platforms

16:46 Collecting data and leveraging third-party vendors

18:54 Direct-to-consumer 401k matching services

20:08 Significance of user interface and user experience in consumer-facing technology

21:21 Collaboration between co-founders to create a fintech business

25:43 Team makeup, fundraising journey, and learnings raising capital for a start-up

29:44 Seed and pre-seed round investment considerations for a startup

30:03 Identifying the best investors for a startup

32:13 Generating wealth through referrals and word of mouth

34:51 What’s next for the Lendtable team

35:54 How to get in contact with the Lendtable team

Resources:

Company website: https://www.lendtable.com/

Facebook: https://www.facebook.com/lendtable/

Instagram: https://www.instagram.com/lendtable/

LinkedIn: https://www.linkedin.com/company/lendtable

Twitter: https://twitter.com/lendtable