Grant's Current Yield Podcast BUTTONED-UP BORROWERS
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Feb 11, 2025 Keri Findley, Founder and CEO of Tacora Capital Management, shares her wealth of knowledge on asset-based lending. She dives into the quirky world of cryptocurrency, including an unexpected meme coin launch tied to a former president. Keri clarifies misconceptions about interest rates in lending and explores the evolving landscape, including challenges for banks. She contrasts private equity and venture capital valuations, discusses shifting credit dynamics amidst rising rates, and reflects on lessons learned from past financial crises.
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Project Sierra Nevada
- Keri Findley discusses Project Sierra Nevada, a loan secured by a founder's shares and home.
- She explains why Tacora is comfortable with this arrangement despite the private equity backing of the company.
Credit Environment
- Jim Grant asks about the credit environment and the impact of rising interest rates.
- Keri Findley suggests that it's a "tale of two cities," with some sectors facing tight credit while others have ample access.
Fintech and Deregulation
- Evan Lorenz asks about the impact of deregulation on fintech companies.
- Keri Findley believes that deregulation could hurt some fintechs but that the smartest players will adapt.