Liz Gannes

Recent Posts by Liz Gannes

Peter Thiel Leads $20M Round for ZestFinance’s Big-Data Underwriting

ZestFinance, which analyzes data to help get loans to people with bad credit, has raised $20 million in Series C funding led by Peter Thiel. The 65-person, Los Angeles-based company, which previously made its own loans but now works with partners, said it is lowering default rates and cutting the cost of credit by crunching data on borrowers.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work