Esoteric Credit with Ali Hamed, Brian Harwitt, and Marc Porzecanski

[00:01:44] – (First Question) – The formation of their unique credit business

[00:02:16] – Their advantage in seeing both the equity and credit side of their investments

[00:10:22] – Looking at the Returnly deal as an example

[00:14:06] – How they view these deals and are able to sustain them as long-term investments

[00:18:09] – Their interest in payroll deduction lending

[00:20:07] – Finding unique types of default risk

[00:21:30] – What stands out in a platform that makes CoVenture want to take a deeper look

[00:26:43] – Most interesting types of problem they have come across that they have yet to do a deal in

[00:31:34] – What is going to change to make for more thoughtful underwriting of subprime lending

[00:35:51] – Major structures of asset-backed lending

[00:39:48] – Whether the home serves as an interesting playground for credit opportunities and whether people will own anything again

[00:42:43] – Mark’s experience working at a huge firm vs his experience at CoVenture

[00.42:49] – How does the current credit cycle impact their view

[00:47:04] – Lending against bitcoin

[00:50:06] – Who is interested in these loans against bitcoin

[00:51:00] – How to set interest rates against a weird asset like this

[00:52:59] – What are the key determents of success in this business

[01:02:17] – Kindest thing anyone has a team for the team

[01:03:51] – How to treat people that you pass on