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ZestFinance Gets $150M In Debt Financing

socalTECH

ZestFiance said the funding goes towards the company's Bastix loan service, which is aimed at providing loans to people who normally would not be able to qualify for loans from traditional banks. Los Angeles-baesd online lender ZestFinance said today that it has raised $150M in debt financing, from Fortress Investment Group.

CIO 100
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ZestCash Gets $19M For Lending Startup

socalTECH

Hollywood-based ZestCash , a startup offering up short-term, consumer loans online, has scored $19M in funding today, including $11M in a Series A equity round plus $8M in venture debt. The firm's founder and CEO is Douglas Merrill , the former CIO and VP of Engineering of Google. READ MORE>>.

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Want to Start a Technology Company in LA?

Both Sides of the Table

Funding is different – In Silicon Valley you have mega venture capital funds and many of them. They not only have gotten bigger but they have an amazing track record of funding the biggest names in the sector: Cisco, Apple, Google, Facebook. As a result many funds are OK with big bets. You don’t.

Company 290
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Some Thoughts on Branding Startups and Communities

Both Sides of the Table

The birthplace of sponsored search (Overture), semantic search (Applied Semantics which became Google AdSense), comparison shopping (ShopZilla, PriceGrabber) and many others. ZestCash, founded by Douglas Merrill, former CIO of Google [Hollywood]. An innovator in technology, especially monetization. But consider the following: 1.

Startup 304
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How ZestFinance Is Using Machine Learning to Reshape Lending, with Jay Budzik

socalTECH

Jay Budzik: ZestFinance was founded in 2009, by Douglas Merrill, the former CIO at Google, in order to make fair and transparent credit available to everyone. Jay Budzik: Some of what you're seeing is actually old funding for a direct to consumer business we used to have. What does ZestFinance do?

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Why Millennials Are Moving to Downtown Cleveland

Tech.Co

Currently, I am the cofounder and CIO of Remesh , which is an AI platform that understands and engages groups of people in conversation in real time. Before starting the company, I held engineering roles at Google and Meetup. Funding for early-stage companies also suffers as a result of this.

Startup 70
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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

We were talking about a company, Factual (disclosure my firm is an investor), which was founded by one of LA’s most talented Internet entrepreneurs, Gil Elbaz , who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense) is responsible for a large portion of the Internet’s monetization.