In this episode, we sit down with Jay Avigdor, CEO of Velocity Capital Group, who reveals his incredible journey from starting with just $17 in his bank account to leading a multi-office operation that has created over 25,000 jobs.
Discover:
- The "Need It, Don't Want It" Philosophy: Jay's profound mindset that demands success as a necessity, not just a desire, which propelled Velocity Capital Group from a spare bedroom to five offices. This is the grit institutional partners need to understand.
- The Crucial Role of Regulatory Scrutiny: Why Jay believes rising compliance, like California's Rosenthal Act and emerging Texas mandates, is essential for cleaning up "bad apples" and legitimizing the alternative finance space, despite short-term challenges. It weeds out the "garbage" and reinforces a structured, standard industry.
- AI-Powered Underwriting with Unprecedented Accuracy: Get insights into Velocity's proprietary AI that analyzes vast transactional data, from "hair color to deposit patterns," to predict deal performance with a remarkable 93% accuracy on defaults. This isn't just about speed; it's about smart, predictive risk mitigation that truly transforms funding.
This is a must-listen for institutional investors and alternative lending executives seeking to understand the true drivers of success and integrity in our evolving industry.