10: Karthik Manimozhi (RentMoola)

Karthik Manimozhi is CEO of RentMoola, a fintech platform for renters. In this episode we talk about Karthik's background (including several billion dollar exits), his time at SAP, leading startup teams, the 40-40-20 Rule, revolutionizing financial services, and why credit scores are not that useful.

Most U.S. families cannot afford a single $400 unexpected setback. A large part of this conversation is dedicated to access of capital, how the current financial system is structured to benefit large corporations, and how we can fix that. If you are building a company to help solve the problem, reach out to the podcast. We want to help you succeed.

GUEST

Karthik Manimozhi LinkedIn
RentMoola Website
RentMoola LinkedIn

PODCAST

Safa Mahzari
Patreon
Alluxo Website

TERMS

SAP = publicly traded German tech company
ERP = enterprise resource planning software
SMB = small and medium sized businesses
Underbanked = rely on money orders, payday loans, etc. to make ends meet
Unbanked = do not have a bank account or access to traditional financial services
Prime = good quality credit
Sub-prime = below average credit, due to issues or limited information
40-40-20 Rule = 40% safe bets, 40% bold bets, and 20% moonshot bets

 
RESOURCES

Harvard Study: Medical Bills Linked to 2/3rds of Bankruptcies
Federal Reserve: Dealing with Unexpected Expenses
Tala: Alternate Lending Platform

TIMESTAMPS

0:00 - Episode intro
0:47 - Karthik's background
13:06 - Access to capital
21:52 - Learning from failures and successes
28:09 - Problems are incredibly obvious
35:31 - Risk management and the trust cycle
45:08 - How to increase access to capital
53:56 - Wrap up and final thoughts