Thanks to all, as always, for the debate on earnings. Lots to pick over.
However, can we please not mischaracterise what was said about Google. It was not suggested, expressly or implicitly, that UPST will be the next Google. The quotes are as follows:
‘Upstart is now about the size that Google was when I joined that company in early 2004. So I’ve seen this movie before and hope to use what I learned there to build Upstart into the most impactful fintech in the world.’
‘I have some specific personal goals for Upstart in 2022… Second, to break new ground in terms of quality of execution at the $1 billion-plus scale, with leaders such as Google, Amazon and Apple as my north star.’
On my reading, those quotes simply demonstrate a CEO telling the market that he has impressive experience to draw on and that he hopes to use that experience in driving UPST forward and executing at scale.