Scott Steinhardt, Author at Percent

Investing in Venture Debt Gives You Exposure to Fast-Growing Businesses

Posted on September 20, 2022 (September 20, 2022)

When private companies and startups raise money, they often do so through venture equity investments. This gives a growing company much-needed funds to build their business in exchange for equity ownership given to venture capital firms. Yet venture equity is not the only way for startups to raise money. These fast-growing private companies can opt […]

Understanding Percent’s Historical Default Rate

Posted on September 8, 2022 (September 20, 2022)

1.58% This is the historical default rate of all investments on Percent as of August 31, 2022. Out of the 34 past and present borrowers on the Percent platform, three have seen deals with defaults. At the same time, 98.42% of all Percent deals successfully returned investors’ principal and any accrued interest back to their […]

Generating Returns in the Crypto Winter

Posted on July 28, 2022 (July 28, 2022)

Crypto’s Bad Year: As of this writing, the global cryptocurrency market is down over 55%, or around $1.20 trillion dollars since the start of the year. Bitcoin, the dominant crypto asset, alone saw a 51% decrease YTD, as other tokens — Ethereum, stablecoins, and the thousands of “altcoins” — followed suit. Yet the money withdrawn […]

Third-Party Underwriting on Percent

Posted on July 8, 2022 (July 11, 2022)

Before Percent launches an investment, our credit team extensively examines our prospective borrower partners. We take extensive care to evaluate potential risks, making this information available and known to prospective investors before such an offering is made live on our platform. When an offering closes on Percent, we continue to monitor the critical parties and […]

Supporting the Gig Worker Economy: Q&A with Jared Kogan, Co-Founder of Giggle

Posted on July 8, 2022 (July 8, 2022)

Giggle, a Miami-based fintech platform, recently joined Percent’s growing roster of financial technology platforms and providers. We sat down with Co-Founder Jared Kogan to talk about this exciting partnership and Giggle’s extensive work in improving the gig economy. Giggle was founded in 2020, as the world closed up yet increased demand from gig workers. How […]

High Yield Investments the Percent Way

Posted on May 13, 2022 (June 23, 2022)

Percent helps accredited investors add private credit investments to their portfolio. These investments typically range from 8% to 18% APY, and often feature durations from a few months to a few years. Investors can see their principal investment returned with interest as the underlying note is repaid. How Percent Investors Accrue Interest: Companies can seek […]

Watch: Percent Quarterly Investor Webinar — January 2022

Posted on January 28, 2022 (June 2, 2022)

Percent recently held the company’s first Quarterly Investor Webinar of 2022 on January 26th. Nelson Chu, Founder & CEO, along with Percent President Prath Reddy, CFA and moderator Jessica Zall (Percent’s Head of Marketing) covered timely updates on our short-term note program and origination partners, including a look back at the previous year. They also […]

What Is Asset Diversification and How Can It Help My Percent Portfolio?

Posted on December 9, 2021 (June 17, 2022)

When you invest, you do so with the intended purpose of profiting on your initial investment. When you invest in equities, your aim is to have your shares appreciate in value to sell them at a gain. When you invest in Percent deals, you do so to earn interest on top of your initial investment […]

Becoming Verified as an Accredited Investor on Percent

Posted on November 18, 2021 (June 22, 2022)

Before you can start investing on Percent, we need to verify that you are an accredited investor. As Percent investments are only available to accredited investors, this simple process is one of the last steps you need to take before you invest in your first deal. To help expedite the accreditation process, we partnered with […]