Fresh News WithClutch Vol4 New Connections

from CAR GUY COFFEE PODCAST · host Car Guy Coffee

Our friends Chris Coleman and Nicky Hinrichsen studied at Stanford's Graduate School of Business from 2011 to 2013. On a trip to South East Asia, the two talked about entrepreneurial ideas in the car space and ended up starting a company called Carlypso.  At first, Carlypso helped individuals sell their cars to other individuals. Later on, Chris and Nicky pivoted from consigning privately owned cars to a consigning off-lease and rental vehicles.  In 2017, Chris and Nicky sold Carlypso to Carvana. The two founders couldn't resist and decided to start a new company www.WithClutch.com.  The premise for the new business is this: car owners with high interest auto loans often end up with lot's of negative equity. To address this problem, Chris and Nicky want to create a new auto loan product that rewards car owners for making their payments by reducing the interest rate of the loan over time.  Come Get You Some Fresh NEWS. Keep Brewin' Solutions

What this episode covers

Our friends Chris Coleman and Nicky Hinrichsen studied at Stanford's Graduate School of Business from 2011 to 2013. On a trip to South East Asia, the two talked about entrepreneurial ideas in the car space and ended up starting a company called Carlypso. At first, Carlypso helped individuals sell their cars to other individuals. Later on, Chris and Nicky pivoted from consigning privately owned cars to a consigning off-lease and rental vehicles. In 2017, Chris and Nicky sold Carlypso to Carvana. The two founders couldn't resist and decided to start a new company www.WithClutch.com. The premise for the new business is this: car owners with high interest auto loans often end up with lot's of negative equity. To address this problem, Chris and Nicky want to create a new auto loan product that rewards car owners for making their payments by reducing the interest rate of the loan over time. Come Get You Some Fresh NEWS. Keep Brewin' Solutions

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Fresh News WithClutch Vol4 New Connections

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This episode was published on June 10, 2020.

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