vishalkgupta
Joined 15 years ago
Joined 15 years ago
MoneyLion is a technology-enabled lending institution focused on helping all consumers gain access to credit. At MoneyLion we feel passionately that everyone should have a clear path to better financial products. We use data to offer better financial products to all Americans. By rewarding financial responsibility, providing top-notch customer assistance and offering insightful financial education tips we aim to positively impact our customers and enable them to better their financial health.
While we're quickly expanding in areas of Analytics, Engineering, and Marketing, My focus currently is to hire for a Front End Developer to join our team in New York or San Francisco.
Details here: https://jobs.lever.co/moneylion/419465cb-61d8-43c3-8e9a-0499...
1. Don’t be afraid to start over. The problem with largely starting my career at Goldman Sachs was that you feel like you’re running so hard/fast with blinders on. Also, and maybe this is a New York thing, I started to identify myself with my job. I had to learn that I am not my job. All of this made switching friction very high. In my time at GS, Facebook was being created, and Google became what it was today. In reality I was letting the outside world evolve, while I sat somewhere that refused to. I felt like everything I had “built”, career-wise, would fall apart the day after I left Goldman. The reality was that my career didn’t fall apart. But the products/businesses that I built meant less to me, and I was more excited about the future of what I wanted to build. I felt finally unchained. I should have left 4 years before I did.
2. Keep closer to technology. When graduating in 2002 with a Computer Engineering degree, I heard people around me snicker -“Didn’t all those jobs just get outsourced?” It was a bad time for technology, it was a bad time to graduate with a computer engineering degree. Because of my career choices, I ended up focusing more on the business end of things (which still worked out well), but technology is my first love. I love to build things. Now I just do it for fun and hope I can build stuff that people find useful.
3. Be less afraid to fail, take more risks when you can. I played it safe when younger. Focused on making as much money as possible. I love the Elon Musk quote - “Failure is an option here. If things are not failing, you are not innovating enough.”
Overall liked having an open forum for people to give feedback on our idea. We used some of that feedback to evolve the product, we even got some new clients from HN.
Changes for next year? I'd love the final run off to be a bit more like the final four, where you pit one start-up against another until there are only a few standing. Then YC can pick from the cream of the crop.
Thanks again
I'd love to hear your thoughts. You can reach me at [email protected]
Thanks again, we're still early here. Plenty of room to evolve the product. We'd love to hear your thoughts.
There are some stand outs that may just run over their opponents, but maybe there's some way to normalize that to some degree.
We started with the week long bidding contest, but for now are keeping it open to allow as many vendors in as possible. That may change over time.
We're a small team lead by myself. I am technical (computer engineer by education), but have a more technical partner (full stack engineer) onboard, and my sister is helping as well. My sister has had to plan her own wedding from start to finish without a wedding planner. She's helping a lot with on boarding.
I have a background in building electronic trading businesses with a specialization in market structures. Marketplaces like Airbnb, and how they start are something that I love to study.
There are more details about me on my profile here. I think in the future, it may make sense to put a bit of structure to how people describe their idea/team.
It's really less about cost savings (which may happen anyway with scale/competition among vendors), but more about efficiencies in the process. Less face to face meetings, less paper checks, more collaboration among vendors before the day of the event. So, as a potential client, I think you're hitting it on the head. It is more like vendor dating than anything else. Love for you to give the platform a go, and give us some feedback.
I will say that initial customer acquisition in NYC is our hyper focus right now. The great thing about opening this discussion up on HN is that there are so many minds out there looking at your problems. I'd be happy to hear any ideas on how to best acquire these clients initially. We're doing a bit of FB ads, and think this will be a heavy marketing lift. But as we monetize our first couple clients, we are getting a clearer picture of customer value.
>Not what we're seeing. Were initially focused on the NYC area. There are a huge amount of great vendors who are constantly battling for each wedding here. Plenty are excited to extend their reach. Each market is different, but it makes sense right now in bigger cities.
Also RE: the RFP process. Initially vendors are using their own proposals to iterate with the clients, eventually we see this being baked into the system. Either way, drawing up a proposal has to be done whether you meet the client in person or via our platform. The time savings is the initial iteration is done electronically vs face to face.
We think that this is a process problem vs a technology problem at first. We're trying to distill the client's ideas into a wedding brief that can be viewed by vendors. Vendors then upload a proposal on Google docs (initially), that allow for comments by the couple. We allow the couple to iterate with the vendors and we go from there. We're trying our best to not just blindly build out tech, but to really focus on on boarding clients/vendors, then build technology around the bottle necks. We're experimenting right now.
Cisco Systems -hardware internship 2001 Computer Systems Engineering from RPI 2002 RaveWireless (startup) 2002 Goldman Sachs Electronic Trading, managed Listed Derivatives Business 2003-11 Columbia University EMBA drop out 2010 Ave B Labs CEO (start up lab) 2011-12 VOLEX, head of business, electronic trading business; Clients included Fidelity/Citi, 2012-15 WedWell (hoping to part of YCF 2016)