Incredible milestone for Upstart #proudseedinvestor

Today Upstart announced that it had received the FIRST “no action letter” from the CFPB.  Details are in Dave’s post here.  This is an incredible moment for consumer lending as the future of the industry hinges on the responsible use of AI/ML to reduce costs and increase availability of credit for the benefit of consumers.  Upstart is paving the way, showing consumers that there is a much better and more cost effective way to borrow/lent.  Truly exceptional moment for a great company, fantastic people and world class founding team.  #proudseedinvestor

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