We have a healthy macroeconomic debate going on at my hedge fund these days. It’s about interest rates. Our chief economist, Mike Dooley, thinks the US economy is about to catch fire, and sees a real chance of 10-year rates over 3% by year end on the back of an imminent Fed hike in rates. While Dr. Dooley has always been a perma-bull, this recent bout of optimism has me thinking he spent too much time in Golden Gate Park on April 20th.
Under the haze of smoke, they began to shout “10-year Treasuries at 3%!”Read more
Earlier this year, we launched the SoFi Entrepreneur Program to connect borrowers who have entrepreneurial aspirations with SoFi investors interested in furthering their potential. Current SoFi borrowers interested in refining a start up idea and developing skills critical to getting early-stage funding were invited to apply for the 4 month-long program. The pilot class was selected from a competitive pool of applicants and has since participated in a combination of hands-on workshops to improve their pitch decks, meetings with SoFi Executives who are influencers in the startup community and conversations with sophisticated venture capital and angel investors.
Here, SoFi Entrepreneur Benny Joseph shares his experience and explains how the program is setting him up for startup success:Read more
SoFi continues to make waves in the media this week on public radio and in print. We were thrilled to see top business radio program Marketplace bring much needed attention to important education issues. In this recent story, Amy Scott reports on the challenge of refinancing Federal student loans. While one youth advocacy group is encouraging the government to take action on this issue, SoFi already helps graduates refinance their private and Federal educational debt!Read more